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Federal Budget 2024 – A Story of Maintaining the Status-Quo on Tax Matters

Last night saw the Treasurer deliver the Federal Budget. So, what might this look like for small businesses & taxpayers?

Expressions of interest for the Business Growth Fund are open!

Are you a small-medium sized business owner expected to grow your business in the next 2 years? You may be eligible for round 6 of the Business Growth Fund.

There’s Still Time to Claim the R&D Tax Incentive

Could your business be eligible for the Research & Development (R&D) Tax Incentive? You may want to take advantage of the 14-day extension available to applicants.

Stage 3 Tax Cuts – Will I receive a tax cut from 1 July 2024?

Yes, all Australian resident individual tax-payers will receive a tax cut from 1 July 2024. The amount of the tax cuts have been redistributed to what was previously legislated.

The Macro Group Awarded Member Firm of the Year 2023

We have big news… The Macro Group are excited to announce that we have been awarded GGI Member Firm of the Year 2023! The award was accepted by Nicole Bryant, Managing Director, in Lisbon, Portugal this October amongst a group of peers from across the world.

The Payroll Tax Issue for Medical Practices in Qld just took an unfortunate turn

On 19 September 2023 the QLD Revenue Office issued additional guidance on relevant contracts for medical centres.

Important Industrial Relations Legislation Introduced – A Must Read for ALL Employers

Far reaching legislation called the Fair Work Legislation Amendment (Closing Loopholes) Bill 2023 recently was presented into Federal Parliament. If passed, it may significantly impact how you interact with your employees.

The Countdown to 30 June – Items to Prioritise

Ahead of 30 June 2023, it is important that certain items are prioritised to ensure that you or your business is prepared for a smooth tax time for the 2022-2023 financial year.

Wage and Superannuation Increase on 1 July

The Fair Work Commission last week handed down its annual wage review decision. The Commission has decided to increase the minimum wage in all modern awards by 5.75%. These increases will take effect from the first full pay period commencing on or after 1 July 2023.

Federal Budget 2023-2024

Last night, the Treasurer delivered the federal budget for 2023-2024, announcing a budget surplus for the first time in 15 years. On the face of it, the budget was full of discrete measures targeted to assist those in society deemed most in need of help. However, we have delved deeper into the details of the budget and discovered that there is still more good news than bad news out of this budget for small and medium business owners and associated families. We have summarised below our view of the top things our Macro clients need to know.

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AUS (BRISBANE)
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220 Melbourne Street

South Brisbane QLD 4101

+61 7 3844 5555

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Byron Bay NSW 2481

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