EOFY Check-In: Cars, Cashflow & Key Tax Moves Logbook check-in: Are you still compliant? Many people assume their car logbook is “set and forget” for five years, but that’s not always the case. A logbook is only valid if your work-related travel patterns haven’t changed. You may need a new logbook if: You’ve changed jobs You’ve moved home or workplace Your work travel patterns have changed Important reminders: If you have multiple vehicles, you need a separate logbook for each If you buy a new car, you can rely on your previous logbook, but only if you formally nominate this before lodging your return If your employer provides your car (or via a novated lease), you generally can’t claim car expenses Electric and hybrid vehicles: Using the ATO shortcut rate for home electricity used to charge your vehicle (5.47c/km from 1 April 2026) means you can’t also claim charging costs from your electricity bills. Plug-in hybrids require a specific calculation method Bottom line: If your circumstances have changed, your logbook may no longer be accurate and that can impact your claim. EOFY tax planning: What to focus on now To keep this practical and not overwhelming, here are the key opportunities to review before 30 June: 1. Super contributions Must be received by the fund before 30 June to claim a deduction Concessional cap is $30,000 (2025–26) Consider carry-forward contributions if eligible 2. Prepay and bring forward expenses Small businesses may be able to prepay expenses and claim now Bringing forward planned purchases (e.g. equipment under $20,000) can accelerate deductions 3. Review stock and assets Write down or write off obsolete or slow-moving stock Remove scrapped assets from your depreciation schedule 4. Clean up your books Write off bad debts before 30 June Ensure trust distributions or dividends are properly documented 5. Plan ahead Consider timing of income, expenses and capital gains Review cashflow for upcoming tax payments Look at opportunities to vary tax instalments if needed EOFY isn’t just about ticking boxes, it’s about making sure your claims are accurate and your tax position is working for you, not against you. If your situation has changed this year (work, home, business or vehicles), it’s the perfect time to review. Need help? We’re here to make sure everything is set up correctly before 30 June.

Fuel cost pressures – ATO support now available With fuel prices continuing to impact businesses across Australia, the Australian Taxation Office (ATO) has introduced a temporary support response to help manage the flow-on effect to cash flow and tax obligations. From 1 April 2026, targeted measures are available for businesses, individuals and not-for-profits experiencing genuine financial pressure due to rising fuel and transport costs. For many businesses, the impact isn’t just at the pump. It’s showing up in freight, suppliers and overall operating costs. The ATO has recognised this and is taking a more flexible, supportive approach during this period. What support is available? Depending on your circumstances, this may include: Flexible payment plans with extended timeframes and no upfront payment Remission of interest and penalties in certain situations The ability to vary PAYG instalments if your income has reduced A more considered compliance approach while conditions remain challenging These measures are designed to ease immediate cash flow pressure and help businesses stay on track while costs remain elevated. Don’t overlook fuel tax credits With fuel costs front of mind, it’s also a good time to revisit whether you’re correctly claiming fuel tax credits. Fuel tax credits allow eligible businesses to claim back some of the fuel tax included in the price of fuel used for business activities — particularly for off-road use such as machinery, equipment and generators. This is especially relevant for businesses in: Agriculture Transport and logistics Construction and earthmoving Manufacturing and other equipment-heavy industries The amount you can claim depends on how the fuel is used, and getting this right can make a meaningful difference to your overall fuel cost and cash flow. Timing matters: The ATO fuel response measures are currently temporary and available until 30 June 2026, so it’s important to act early if your business is affected. If you’d like help assessing your eligibility or ensuring you’re claiming everything correctly, please reach out to our team. Call us on 03 5571 0111