Even more exciting for Makes Cents is that our very own Courtney has just passed her Diploma in Accounting with A++ results so a big congratulations to her. 

If you haven’t got your 2026 information to us yet, feel free to get it into us.  We are getting through the work at a good rate.  If you want another copy of the checklist let us know and we can email it out or just go to our website and it is there under resources.

As expected not much in the budget for anyone, just steady as she goes particularly for business.  There were some things that may affect clients as follows: 

The de minimis threshold on Foreign Investments Funds (FIF) has been doubled to $100,000 and there is a new Revenue Account Method (RAM) to calculate FIF income.

Changes to shareholder loans from Companies, some of which is backdated.

Big changes to Fringe Benefit Tax (FBT), with the main one being for work related vehicles used by employees. The removal of the work-related vehicle exemption, and what vehicles have to be branded are the main changes.  Instead of calculations based on the number of days a vehicle is available for private use, vehicles will now be in one of 6 categories based on the limitations on use.  We will have more on this in the months ahead so that our clients can remain compliant.  The changes don’t come into effect until 1 April 2027.

There are some changes coming for ACC Levy’s.  The no claims discount is going, and they will now charge interest on instalment plans and overdue invoices.  You may want to bear these changes in mind when you receive your ACC invoice.  The 3, 6 or 10 month instalment plans were previously interest free but will now attract interest at the equivalent of 4.16% per annum.