Earlier this month, the 2023/24 Federal Budget was released. This includes a substantial improvement in the Federal Government’s fiscal position from the October Budget, primarily driven by significantly higher personal income tax…
Updated Guidance about Income Tax and GST
On 15 February 2021, the Australian Taxation Office (ATO) published updated guidance about the income tax and goods and services tax (GST) implications of a wide range of COVID-19 financial support measures…
Clients Should Update Their ABN
By Steve Burnham
Government agencies regularly access data contained in the ABN registration, and where this is not up-to-date the taxpayer may be missing out on stimulus measures, grants, and…
ATO Warns That There’s Been a Spike in Fraudsters Using Robo-calls
AAP
If you get a call from a robotic voice telling you your tax file number has been suspended and you need to move all your cash to a safer…
Aussies Could Be Forced to Choose Between Superannuation and Take-Home Pay
Finn McHugh
Aussies could be forced to choose between superannuation and take-home pay under a proposal being considered by the federal government.
The government will mull making an increase in…
$7bn Worth of Income Tax Cuts Have Flowed to Millions of Aussies
Jade Gailberger and Finn McHugh
A whopping $7bn worth of income tax cuts have flowed to millions of Aussie workers since July.
New Australian Taxation Office data reveals $1.1bn of…
Business Tax Planning Tips
We are nearing the end of financial year again. Here are some things to consider to reduce the tax bill or defer some of it to next year:
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The Australian Taxation Office announces temporary simplified short cut method for working from home deductions
Many workers new “normal” is working full time from home, as a result of the Social Distancing measures in response to Covid-19. In order to make it easier for individual…
COVID-19 Stimulus 3 – Jobkeeper Payment
The Morrison government announced yesterday the 3rd and largest stimulus package to date. The package centred around the Jobkeeper payment, which is payment to eligible employers of $1,500 per…
COVID-19 & Stimulus Package for Businesses
As government measures change daily amid the COVID-19 pandemic, a second stimulus package was released. This update focuses on what this means for small business, as well as other questions…
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