Tax
Fact or fiction? What you can expect with Payday Super
16 April
Deputy Commissioner Emma Rosenzweig busts some Payday Super myths. With just 3 months to go until Payday Super begins, I’ve been hearing a lot of questions from employers, and a few common myths too. Let’s clear up a few of the biggest...[Read More]
April–May tax tips for Aussie small businesses: Get ahead before EOFY
9 April
As the financial year draws to a close, April and May are two of the most important months for small business owners across Australia. Rather than scrambling in June, this is the ideal window to get organised, optimise your position, and potentially...[Read More]
Starting a business? Here’s what to think about before you dive in
9 April
Launching a business is an exciting step, whether you’re turning a passion into profit or building something from the ground up. But before you register a name and start trading, there are important legal and strategic considerations that can make...[Read More]
Building the right team when buying an investment property
2 April
Purchasing an investment property is a major financial decision. For many Australians, it involves committing significant capital, taking on long-term debt, and relying on the property to help build wealth over time. Investment properties can...[Read More]
Sticky situation as super changes stretch small firms
26 March
Rising costs and cash flow pressures could force thousands of small business owners to dip into personal savings to comply with new superannuation rules. Changes slated for July 1 require employers to pay employees superannuation at the same time as...[Read More]
Treasurer softens up voters for ‘hard decisions’ on tax
26 March
Treasurer Jim Chalmers is willing to anger older Australians to make the tax system fairer for younger generations. But he admitted productivity growth would take longer to recover than previously thought during a major pre-budget address to a...[Read More]
Gas, property lobbies fire up over proposed tax reform
26 March
Australia’s fossil fuel and property industries are gearing up for a fight over tax as the government mulls changes ahead of its May budget. Treasury is reportedly drawing up changes to make the tax system fairer for younger Australians, including...[Read More]
Leaders urged to stomach junk food tax to save lives
25 March
More than 200,000 lives and billions of dollars in health costs could be saved if political leaders developed an appetite to tax unhealthy foods, according to fresh research. The federal government is being called upon to consider a 20 per cent tax...[Read More]
Tax discount ‘skewing’ property market to investors
19 March
Discounts on capital gains tax have been found to skew the housing market in favour of investors at the expense of owner-occupiers, as the federal government is urged to scrap the controversial measure. A parliamentary inquiry report into the...[Read More]
How much each state will get from the GST carve-up
19 March
CHANGES IN STATE AND TERRITORY GST PAYMENTS NSW * GST payment increased from $28.1 billion to $28.2 billion * Relative share of GST compared to per capita allocation fell from 86c in the dollar to 82c * Share of GST fell from 26.7 per cent to 25.5...[Read More]
Aussie drivers divided over petrol vs electric future
18 March
Almost two in five Australians are considering an electric or hybrid vehicle for their next car purchase, but many could change their minds if the government puts the brakes on a tax discount. The Australian Finance Industry Association revealed the...[Read More]
Postcode where more drivers plug into electric car cuts
18 March
Ending a tax exemption for electric vehicles could unfairly punish families outside major metropolitan areas who are dealing with longer commutes and are most likely to maximise the tax cut. The National Automotive Leasing and Salary Packaging...[Read More]
Business taxation advice: Why your accountant is one of your most valuable business partners
12 March
Running a business often starts with a passion. Whether you launched your venture to pursue a lifelong interest, create financial independence, or support the lifestyle you have envisioned, building a successful business requires dedication,...[Read More]
‘Be bold’: Spender urges income tax shake-up in budget
12 March
The average Australian worker would receive more than $1600 a year in income tax cuts as part of independent MP Allegra Spender’s blueprint to restore fairness to the nation’s economy. Released alongside an address to the National Press Club on...[Read More]
Super tax changes a ‘down payment’ for greater reform
12 March
Wealthy superannuants will pay more tax on balances over $3 million after the Greens rolled over on demands to beef up the contentious new laws. The government is expected to get the long-promised tax changes passed through parliament by the end of...[Read More]