Tax
4 great reasons to hire a bookkeeper
9 January
Did you ever hire a bookkeeper to help you keep track of your expenses and tax obligations? If not, find out why now may be the best time to do so. Bookkeeping is an essential component of any organisation. To focus on other tasks, such as...[Read More]
Tax planning strategies for small businesses
2 January
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]
Super concessions take biggest bite from the budget
18 December
Major cost-of-living measures aren’t on the cards in the federal budget update because of a $25 billion hit to the books, as data reveals new drags on the bottom line. The mid-year economic and fiscal outlook will show more than $16 billion in...[Read More]
GP payroll tax, first homebuyer stamp duty scrapped
18 December
A tax purported to make GP visits cost more and a barrier to entering the housing market have been removed by a state government fulfilling more of its election promises. The Liberal National government scrapped a “patient’s tax” during the...[Read More]
Tax on large withdrawals floated to future-proof super
11 December
Retirees might be more inclined to use super for its intended purpose – income for retirement – under a proposal to tax oversized withdrawals. Four actuaries have waded into the ever-contentious tax debate with a discussion paper thrashing out...[Read More]
Red tape cut for business but taxes stuck fast
11 December
Businesses can look forward to less red tape as a state government prepares to axe half its regulators, but they shouldn’t hold their breath for tax changes. The plan, which could save businesses $500 million over five years, was launched as part...[Read More]
‘Surprise’ budget windfalls drying up, economists warn
27 November
Australia is waving goodbye to budget surpluses and returning abruptly to deficit, facing a $49 billion deterioration in the bottom line as per forecasts from leading economists. The $15.8 billion surplus logged in the last financial year to...[Read More]
‘All about jobs’: minister spruiks net zero tax breaks
27 November
Failing to secure production tax credits for critical minerals and renewable hydrogen will be a blow to industry and jobs, the federal resources minister has posited in a bid to drum up political support for the key Labor policy. Madeleine King...[Read More]
HECS debts lump students with future mortgage misery
20 November
As political parties squabble over wiping university student debt, new figures show paying off a HECS loan may impact graduates’ borrowing power for a mortgage by almost $100,000. Research from Compare the Market revealed a university student...[Read More]
Supply the key to fixing housing, not taxes: Treasury
6 November
Treasury does not believe removing tax concessions for property investors would shift the dial for housing affordability, despite being asked to investigate the impact of the tax changes by the government. The department’s secretary, Steven...[Read More]
Some tips to help grow your superannuation
31 October
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]
Tax reform may be shunned in state economic growth plan
30 October
Tax reforms could be left out of a long-awaited Victorian economic growth plan, with the business sector warning the state risks losing out to its northern rivals. The Economic Growth Statement was foreshadowed in May’s Victorian budget and...[Read More]
Seven news boss wants tax break to fight X, Facebook
30 October
Seven West news boss Anthony De Ceglie has called on the federal government to scrap a tax on commercial broadcasters. De Ceglie wants tax breaks to support commercial newsrooms as the public contends with misinformation from the “evil forces”...[Read More]
Hey big Spender: teal MP wants consumption tax re-think
23 October
Independent MP Allegra Spender represents the country’s richest electorate but believes the tax system unfairly advantages wealthier Australians over working people. Australia should look at increasing consumption taxes like the GST and reducing...[Read More]
Stage three tax cut spending spree yet to surface
17 October
Tax cuts don’t appear to be fuelling shopping sprees, with transaction data suggesting extra take-home pay is going towards staples and paying down debt. Footy finals were the only bright spot in an otherwise glum September for spending, with...[Read More]