IN THIS ISSUE
The February 2026 edition of TaxWise Business outlines practical tax and compliance updates for business owners, including the $20,000 instant asset write‑off extension now legislated and upcoming Payday Super reforms from 1 July 2026. It also summarises key developments across GST law changes, ATO guidance on GST credit expiry time limits, FBT treatment for eligible electric vehicles, fuel tax credits, super clearing house closure, and important lodgement deadlines.
NEW LAW
- Small Business Instant Asset Write-Off
- Payday Super
- GST Measures
PROPOSED LEGISLATIVE CHANGES
WHAT THE ATO IS SAYING
- GST Credits and the 4-Year Time Limit
- Electric Vehicles and Fringe Benefits Tax
- Stock Take for Private Use
- Small Business Superannuation Clearing House Closure
- Contrived Property Development Arrangements
- Fuel Tax Credits
- Substituted Accounting Periods
- Keeping Your Business Details Secure and Up to Date
KEY TAX DATES
