Tax
Almost two in three voters back tax changes, poll shows
7 February
Voters have voiced approval for looming changes to tax cuts, but federal politicians are doing their best to play down the polling. Almost two in three people surveyed by Newspoll said the prime minister made the right decision to amend stage three...[Read More]
Tax changes spark calls for complete system redesign
31 January
The federal MP representing Australia’s wealthiest electorate has called for a wider overhaul of the taxation system than the planned stage three tax cuts. “Tax reform is too important an issue to be ignored,” independent MP Allegra Spender,...[Read More]
Treasurer ‘not considering’ changes to negative gearing
31 January
Australians have been assured there will be no tinkering with tax breaks for real estate investors following an unexpected rework of the stage three cuts. With the federal government gearing up to take its rejigged tax package on a national...[Read More]
Middle Australia focus of tax overhaul
24 January
Middle Australia will be the focus of an income tax overhaul, Prime Minister Anthony Albanese has confirmed. Mr Albanese said he will take the proposed changes to a Labor caucus meeting on Wednesday and provide details at the National Press Club on...[Read More]
Property investor tax breaks blamed for housing crisis
24 January
Affordable housing has moved beyond many Australians’ reach because the government is subsidising the private market instead of building social housing, a new report has found. Everybody’s Home Written Off report shows the federal budget is...[Read More]
PM confirms contentious stage three tax cuts to stay
17 January
Controversial tax cuts providing greater relief for high-earning Australians will remain in place, the prime minister has vowed. Anthony Albanese said stage three tax cuts will still go ahead and come into effect on July 1. The tax cuts will create...[Read More]
Tips to grow your superannuation
11 January
Retirement is a period most people eagerly anticipate. It’s that wonderful stage of life when you can finally unwind and spend your time as you please. You can even spend retirement focusing on the businesses you’ve been planning and have put...[Read More]
Deductible Gift Recipient (DGR) Registers Reform – new law coming into effect
3 January
The ATO will administer and oversee Deductible Gift Recipient (DGR) endorsement for 4 unique DGR categories. From 1 January 2024, the Deductible Gift Recipient (DGR) Registers Reform new law comes into effect, transferring administrative...[Read More]
The top 5 advantages of home ownership
28 December
Your decision to purchase a new house is a significant life event, and the thought of becoming a homeowner might be a little intimidating. However, homeownership brings with it several advantages, including the freedom to design your home as you...[Read More]
When should you enter into a payment plan if you have a tax bill?
27 December
If you’re experiencing financial difficulties, you may be eligible to set up a payment plan. If you receive a tax bill, you need to pay in full and on time to avoid general interest charges (GIC). However, if you’re experiencing financial...[Read More]
Cars will need to be twice as green to avoid luxury tax
13 December
Motorists will have to choose cars that use half as much fuel to avoid a vehicle tax in future after changes in a federal budget update. The Luxury Car Tax reforms, announced in the government’s mid-year budget on Wednesday, will mean only...[Read More]
Taxpayers cop fines after using unregistered tax agent
13 December
An unregistered tax accountant exposed her clients to fines and unexpected tax bills after unlawfully lodging hundreds of returns filled with dodgy deductions. Perth-based Jessa Van Stroe, who is also known as Jessa Layola, was not registered with...[Read More]
Tried-and-Tested Tax Planning Strategies for Small Businesses
7 December
Every dollar counts in business, especially for small enterprises. Therefore, you need to find ways to minimise your tax liability in addition to optimising income or profit. With a small business tax planning strategy, you can increase profits...[Read More]
Taxpayers to stop funding global fossil fuel projects
6 December
Australian taxpayer dollars will no longer fund international fossil fuel projects, after the government signed on to a global shift towards renewable energy. The government signed on to the Glasgow Statement at the United Nations climate change...[Read More]
Labor deal with Greens to pass vacant homes tax reforms
29 November
A deal to strengthen taxes on empty homes has been struck between the Victorian government and the Greens. An upper house vote on changes to Victoria’s vacant residential land tax was put on ice earlier this month when the Greens and the coalition...[Read More]