Since the government’s announced changes to the Stage 3 tax cuts to give lower income earners more benefits, the chorus of voices advocating for changes to other aspects of the tax system, such as negative gearing, has grown steadily stronger.
Foreign resident capital gains withholding (FRCGW) of 12.5% applies for all property sales of $750,000 or more.
Australians made more than 600,000 reports about scams in 2023 — about 18 per cent more than in 2022.(ABC News: Evan Young/Canva)
The ATO is targeting unlawful tax and super scheme promoters, citing “serious” penalties and reputational risk.
The 2024 Federal Budget is broken down into these five PDFs. Click on each to read more.
Jim Chalmers has handed down the government's third budget, with a $300 power bill boon for every Australian household, but the purse strings kept tight on other measures.
Four main components of this year's Federal Budget can be seen by using the following links.
In May and June, we will add two articles to our website that help you plan and take action before the end of the 2023-24 financial year. Both Part 1 and 2 will cover the following, though Part I focuses on key strategies to manage your tax bill. All are worth dedicating time to review and think about how your business can organize your affairs in these ways.
