Number Solutions

📢 New Tax Change Proposed
💰 Standard deduction (up to $1,000) for work-related expenses has been proposed for eligible taxpayers.
📅 Starts: 1 July 2026 (2026–27 tax year)
⚠️ Not law yet – still under consultation
✔️ Key points:
Up to $1,000 automatic deduction for work-related costs
People with higher expenses can still claim actual deductions
No change for 2025–26 tax year
Designed to make tax returns simpler and faster
👉 Aimed at reducing paperwork and simplifying claims for workers.
Read more: https://zurl.co/Work-relatedExpense
https://zurl.co/NewTaxChanges

🚗 Car Thresholds – From 1 July 2026
📅 New financial year = updated vehicle tax limits
💰 Depreciation cap applies to business car purchases
🧾 GST credits are limited to the car threshold
🚘 Luxury Car Tax (LCT) may apply on higher-value vehicles
✔️ Before purchasing a vehicle, check the new thresholds to stay tax efficient

For more details, read: https://zurl.co/LuxuryCarThresholds

👑 King’s Birthday 2026

On this occasion of the King’s Birthday, we extend our respectful wishes and reflect on the values of service, unity, and public duty that this day represents across Australia.

We wish everyone a safe, peaceful, and enjoyable King’s Birthday long weekend.

-𝓝𝓾𝓶𝓫𝓮𝓻 𝓢𝓸𝓵𝓾𝓽𝓲𝓸𝓷𝓼 𝓣𝓮𝓪𝓶 💙

⛽ Fuel tax credit rates have changed
We've updated our Fuel Tax Credit Calculator with the latest rates to help you get your BAS right.

📅 Updated rates apply from 1 April to 30 June 2026
💼 Designed to help businesses save time and avoid errors

Check your fuel tax credit claim today.
Read more: https://zurl.co/FuelTaxCredit

📢 Small business owners: the 2026 Tax Time Toolkit is here!

✅ Keep accurate records
✅ Lodge & pay on time
✅ Seek support early if needed
✅ Prepare for Payday Super from 1 July 2026
✅ Lodge TPAR on time for pre-fill

Good record-keeping, timely compliance and early engagement can help your business stay on track and avoid common tax-time mistakes.

👉Learn More: https://zurl.co/TaxTimeToolkit2026

⏰ Reminder: Payday Super Starts in 1 JULY 2026! ⏰

Employers, are you ready for the change? Starting 1 July 2026, you’ll need to pay super for eligible employees every payday.

🔑 Key Steps:

✔️Update super fund details
✔️ Prepare your payroll systems
✔️ Set your start date

Don’t wait! Plan ahead to avoid penalties! 💼💸

Read more from ATO: https://www.ato.gov.au/businesses-and-organisations/super-for-employers/payday-super/payday-super-resources/payday-super-checklist-for-employers

Learn More: ato.gov.au/paydaysuper

🐣 Renew, Reflect, Rejoice 🌷

May your Easter be filled with joy, gratitude, and fresh beginnings.
From our team to yours, Happy Easter! 🌿

~ From the Number Solutions Team 💙

📢 Legal Trust Fund Audit: Key Info for Law Firms

🔍 When Does It Start?
The Legal Trust Fund Audit season begins on 1 April each year.

🗓️ Due Date:
The External Examination Report must be lodged by 31 May. Late submissions may result in penalties.

✅ How to Prepare:
> Keep accurate records
> Reconcile monthly
> Retain supporting documents
> Follow Legal Profession Uniform Law 2015

💼 Need help? Book your FREE 15-minute consultation today!

📞 Call us: 02 9174 5327
📧 Email us: [email protected]
🌐 Visit us: www.numbersolutions.com.au