ATO News Australian Government News

2023/24 Australian Federal Budget

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 and company tax receipts than originally estimated. This suggests that individuals and businesses have contributed more tax revenue than initially projected, which has positively impacted the […]

May 17, 2023
ATO News

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 taxpayers to claim deductions for additional running expenses incurred (e.g., additional heating, cooling and lighting costs), the ATO have announced a temporary short cut method […]

April 8, 2020
ATO News

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 small business owners may have.  It is current as at 23 March 2020. Sole Traders: As part of the second stimulus package, sole traders have […]

March 24, 2020
ASIC ATO News Business Management

ASIC Fee Indexation

In line with an increase in the Consumer Price Index (CPI) for the March quarter, we increase our fees each year from 1 July. All fees we charge are subject to fee indexation. Here are examples of common fees that apply from 1 July 2015. GST does not apply to ASIC fees. Company fees Business name […]

June 6, 2016