GST

Primary production income can swing wildly from one year to the next – and without help, a bumper year can push you into the top tax bracket. Income averaging smooths this out over a rolling 5-year window. Here’s how it works, who qualifies, and the key rules to know.

If your business runs vehicles, machinery or off-road equipment, you could be claiming back a portion of the fuel tax you pay. Here’s who’s eligible, how fuel tax credits are calculated, and how to claim them on your BAS – plus what rising fuel prices mean for your bottom line.