Grace Accounting and Business Solutions

🚨 TPAR deadline: 28 August 2026!

If your business provides building, cleaning, courier, road freight, IT or security services, make sure you lodge on time.

💰 Work for a PBI? You may be able to salary package up to $15,900 each FBT year.

Instead of paying certain everyday expenses from your after-tax salary, eligible PBI employees can package them before tax, reducing taxable income and potentially increasing take-home pay.

⚠️ It can affect things like HELP repayments, Medicare Levy Surcharge and other income-tested benefits.

Multiple Jobs Tax Trap 🛑

Have two jobs? Claim the tax-free threshold from only one employer—usually the higher-paying job.

Unused Super Caps 🗓️

You may be able to use unused concessional caps from the past five years if eligible. Check your myGov account before they expire.

simple steps, big future! Plan your future ahead!

Salary Sacrifice Cap 📊

Salary sacrifice can lower taxable income and grow super. For 2026–27, the concessional contributions cap is $32,500.

Work from home deduction ?

Thinking about a new car? 🚗

A novated lease can be more than just a convenient way to pay for your vehicle.

Depending on your circumstances, some of the costs may be paid from your pre-tax salary, which can reduce your taxable income.

But the real question isn’t:

“How much tax will I save?”

It’s:

“Will I actually be better off after the lease costs, running costs and tax treatment are considered?”

Before signing anything, compare the total cost, not just the advertised tax saving.

📩 Speak with your accountant before making the decision.

Insurance in Super 🛡️

Your super may include life, TPD or income protection insurance. Check your cover and premiums today.

Bought a phone for work ? Its not deductible instantly!