Tax

Tax reform may be shunned in state economic growth plan

31 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

24 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]

Hiring new employees for the festive season? We’ve got some handy tips to help you stay on top of your tax and super obligations.

24 October

As the festive season approaches, you may be thinking of hiring new employees to help with your business. Here are some key things to remember when it comes to your tax and super obligations. Withhold the right amount of tax As an employer,...[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]

Lodging your tax return?

17 October

Lodging your own tax return? Read this before the 31 October deadline. If you run a business you need to lodge a tax return, even if you made a loss. When you lodge your own tax return, you need to lodge by 31 October. You can lodge...[Read More]

myGovID is changing to myID

10 October

Find out about the new name, what’s changing and how it affects you. Soon, myGovID will be changing to myID. The app will have a new name and new look, but you’ll continue to use it in the same way. What you need to...[Read More]

Property tax concession change talk sparks uncertainty

3 October

Property investors are anxiously awaiting any potential changes to tax breaks after a week of mixed messages on negative gearing and capital gains tax. Prime Minister Anthony Albanese has repeatedly insisted Labor has no plans to touch the tax...[Read More]

Planning to engage a new registered tax agent?

2 October

Learn what you can do to be well prepared before engaging a new registered agent. Are you planning to engage a new registered agent or change the authorisations you’ve given your existing agent? You’ll need to nominate them in...[Read More]

PM bats back questions over curbing property tax breaks

26 September

The prime minister has swatted away questions about curbing property tax breaks after reports of secret modelling. The federal government has sought advice from Treasury on scaling back negative gearing and capital gains tax concessions, according...[Read More]

Universal childcare could mean higher taxes: Dutton

25 September

Early childhood education advocates back key recommendations aimed at improving accessibility for low-income families, but the coalition has warned of surging taxes for Australians. A Productivity Commission report, released on Wednesday, urged...[Read More]

Your guide for using business money and the tax consequences.

19 September

Are you using business money or assets for private purposes? Using money or assets from your company or trust for private purposes can have tax consequences if you don’t account for these transactions correctly. That’s why it’s important to...[Read More]

Self-education expenses – can you claim them on your tax return?

12 September

You can claim a deduction for self-education expenses if the education relates to your employment activities. What are self-education expenses? Self-education expenses are the costs you incur when you: undertake courses at an educational...[Read More]

Tax cuts put away for rainy day as spending spree ends

4 September

Spending was flat last month, with tax cuts yet to materially improve retailer fortunes as many chose to stash extra cash away. The flat July outcome was below the 0.3 per cent growth consensus forecast and followed two months of upbeat...[Read More]

Housing approvals bounce back but market still subdued