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| The hidden cost of halving the fuel excise, and who's left to payPrincipal Accountant and Founder Puneet Singh Featured for Insights on Fuel Excise and Supply Chain Costs
By: Nanak Accountants and Associates In the article, Singh provides a practical, on-the-ground perspective on the Federal Government's temporary fuel excise reduction, explaining both its immediate benefits for motorists and its broader economic consequences. Drawing from his experience working with transport operators, logistics businesses, and agricultural clients, Singh outlines how the policy may unintentionally increase costs across supply chains. While acknowledging the short-term relief at the fuel pump, Singh highlights a critical but often overlooked impact: the reduction in Fuel Tax Credits for off-road industries such as farming, mining, and construction. He explains that this shift could increase operational costs for businesses responsible for moving goods across Australia costs that are ultimately passed on to consumers. "Policies like this must be assessed in full," Singh notes. "The savings are real, but so are the downstream impacts on business and inflation." The article also offers practical guidance for business owners, encouraging them to review Fuel Tax Credit changes, assess cash flow implications, and seek professional advice to navigate the evolving policy landscape. This feature reinforces Nanak Accountants & Associates' commitment to thought leadership and providing clear, actionable insights for Australian businesses. Read the full article on SmartCompany: https://www.smartcompany.com.au/ About Nanak Accountants & Associates Nanak Accountants & Associates is a Melbourne-based accounting firm specialising in tax compliance, advisory, and business structuring for individuals and businesses across Australia. End
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