The Federal Budget has revealed that the Government plans to bring forward Stage 2 of its Personal Income Tax Plan lowering taxes for individuals from 1 July 2022 to 1 July 2020.
If you are thinking about hiring any new employees from today onwards, it is worth considering if your business will be eligible to receive the JobMaker Hiring Credit.
Currently the mandatory Superannuation Guarantee rate is 9.5%. The following changes are already legislated and will apply unless the law is amended.
Did you know investors in Early Stage Innovation Companies do not pay capital gains tax on their investment for up to 10 years?
We brainstormed the tax changes we would like to see to help small businesses grow, cut red tape, keep worker’s employed and help the economy rebound.
The decision in the recent Federal Court Case of Workpac v Rossato has received a lot of attention in the media over the last few days, and rightly so.
We have previously addressed in our blog series the actions the Reserve Bank of Australia (RBA) have taken to ensure businesses have access to cash more easily during these difficult times: RBA Incentives for Banks. Specifically they have slashed the cash rate to a record low of 0.25% and introduced a $90 billion Term Facility funding to banks.
A very comprehensive data matching program has been in place at the ATO for a number of years and it is getting more sophisticated each year. This is what the ATO already knows about you and what they do with the information.
It has been said that a goal without a plan is just a wish. As we come to the end of the financial year, now is a great time to take some time out from the day-to-day and think about what lies ahead for you, your business and your financial position.