The government has announced changes to the stage 3 tax cuts set to take effect from 1 July 2024. Originally the benefits of the stage 3 tax cuts were weighted towards higher income earners but some of this saving...
Property taxes vary greatly across the country. In recent years most states have introduced surcharges for foreigners and different types of entities which could potentially catch locals. In this article we compare different state taxes and explore how you...
In recent months there have been several increases to taxes on property that potentially affect property nationwide while Victoria has expanded the reach of some its property taxes. Victorian Land Tax Victoria has increased land taxes for all Victorian...
There are a number of budget measures that small business owners need to be aware of, particularly if you are planning on purchasing new plant and equipment. Below is a summary of measures that impact on small business: Immediate...
The government has enjoyed a windfall gain, contributed to by high resource prices and increased taxes due to inflation and higher than expected employment. Most of the extra income has not been spent and has resulted in a forecast...
The Fringe Benefits Tax exemption on electric cars has now passed parliament. Using this exemption can result in a saving of around 40% off the purchase and running costs of an electric car purchase. The FBT exemption applies to...
The ATO has issued a new, less generous method for calculating home office expenses and also introduced increased record keeping requirements. The new record keeping requirements apply from 1 January 2023 and the new home office deduction rate applies...
The South Australian Government has announced a number of grants to assist South Australians impacted by the Murray River flood. Assistance is mainly aimed at businesses and primary producers while there are also some grants available for individuals. Assistance...
Cryptocurrency, like any investment is subject to tax. The ATO have been increasing their surveillance of crypto trading and if you dont declare your gains, there is a high chance of an ATO audit. Cryptocurrency exchanges are required to...
