End of financial year tax tips

June 1, 2023

July 1st is fast approaching, and we all know what that means. Yes, it’s tax time. Unfortunately, filing taxes can be a laborious, frustrating, time-consuming, and somewhat overwhelming process for some of us. However, for others, filing their...[Read More]

Climate economy pact ushers in new era for Aussie firms

May 24, 2023

Australian companies will get their hands on massive tax breaks for joining the clean economy, without having to move to the United States. The new agreement signed with the US will put advanced manufacturers, hydrogen producers and critical mineral...[Read More]

Super health check

May 17, 2023

Use this checklist to review the health of your super in 5 easy steps. Why you should review your super Your super is one of the biggest assets you’ll accumulate in your lifetime. However, many Australians think they don’t need to worry about...[Read More]

Stage three tax cuts blow bigger hole in budget: Greens

May 17, 2023

The stage three income tax cuts will cost the budget $313 billion over the next decade, according to new costings commissioned by the Greens. That is 23 per cent higher than the previous estimate of $243b, which was not included in the federal...[Read More]

Why time is running out for hybrid vehicle tax discount

May 10, 2023

Australian motorists have less than two years to claim a tax discount on hybrid vehicles before it is removed in a budget restriction expected to save the federal government $30 million. The cost saving was revealed in budget documents on Tuesday...[Read More]

Super tax tweak to slug top 10pct, Treasury docs reveal

April 26, 2023

A 20-year-old earning an average wage – about $90,000 a year in today’s terms – is expected to be captured under federal government changes to superannuation tax concessions, but only by the time they reach their early sixties. New Treasury...[Read More]

Cyber safety checklist for small business owners

April 26, 2023

As a small business owner, protecting your systems from cyber security threats is essential. There are some simple things you can do to keep your business and client data safe from cybercriminals. Here are our top 5 tips to keep your data...[Read More]

Sparks are flying this coming FBT year

April 19, 2023

As an employer, you previously needed to pay fringe benefits tax (FBT) on electric cars provided to your employees. From 1 July 2022, you no longer need to pay FBT on benefits provided for eligible electric cars and associated expenses. Getting...[Read More]

Major tax reform on ‘menu of options’ ahead of budget

April 12, 2023

Pruning back stage-three tax cuts, raising the GST and cutting wasteful spending on major defence and transport projects are among a suite of options the government could consider to rein in the budget deficit. Treasurer Jim Chalmers is due to hand...[Read More]

Tax experts to gather for independent summit

March 29, 2023

Changing Australia’s tax policies to improve the economy, boost wages and balance the budget will be at the heart of a summit to be held in Canberra. Independent MP Allegra Spender has organised a tax roundtable at Parliament House on Friday...[Read More]

Rural residents to benefit least from planned tax cuts

March 22, 2023

Australians in regional and rural areas will be left behind the most when stage three tax cuts come into effect, new analysis has shown. A report by Anglicare Australia found the tax cuts would most benefit people living in wealthy areas of major...[Read More]

Fresh push for changes to ‘distorted’ GST system

March 15, 2023

Victoria is heaping renewed pressure on the federal government to change the GST system as the state faces a $1.4 billion budget shortfall. The Albanese government must make the “no worse off” GST guarantee permanent so states and territories...[Read More]

We had a responsibility to act on super tax: PM

March 8, 2023

The prime minister says he had a responsibility to act on making changes to taxes on superannuation, following departmental advice on multimillion-dollar balances. While there had been broad community support for doubling the tax rate for...[Read More]

Newspoll shows voters approve of super tax plan

March 8, 2023

A majority of voters approve of the government’s superannuation tax plan but Labor and Prime Minister Anthony Albanese have been marked down, the latest Newspoll shows. The poll conducted for The Australian shows almost two-thirds of voters...[Read More]

Battleground set for changes to superannuation tax

March 1, 2023

The Liberals will go to the next election pledging to repeal Labor’s plan to increase the tax on high-end superannuation accounts. A new plan revealed by the prime minister and treasurer on Tuesday will double the current tax rate to 30 per cent...[Read More]