Business Tax – November
The Treasurer, the Hon Dr Jim Chalmers MP, handed down his (and the Albanese Government’s) first Budget on 25 October 2022. There were few tax measures in the Budget. What measures there were mostly [...]
Individual Tax – September 2022
Various income tax threshold amounts, and rates increased for the 2022–23 income year. These are listed below. Item Threshold/rate for 2022–23 CGT improvements $162,899 Div 7A benchmark interest rate 4.77% Car limit (depreciation) $64,741 [...]
Business Tax – September 2022
A number of income tax and superannuation changes relevant to businesses took effect from 1 July 2022, including: temporary full expensing (allows an immediate deduction for the cost of a depreciating asset) was extended [...]
Individual Tax – April 2022
Disaster recovery payments If you or your business was affected by the recent floods in NSW and Queensland, you may receive a recovery payment from a local, state or federal government agency. The ATO [...]
Business Tax – April 2022
Disaster recovery payments If your business was affected by the recent floods in NSW and Queensland, you may receive a recovery payment from a local, state or federal government agency. The ATO website advises [...]
Business Tax – June 2021
Tax depreciation incentives to help businesses recover In 2020, the Government introduced tax depreciation incentives to help businesses recover from the impact of the COVID-19 pandemic. To help eligible business entities understand which tax [...]