Tax
āSurpriseā 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]
āAll about jobsā: 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 graduatesā borrowing power for a mortgage by almost $100,000. Research from Compare the Market revealed a university student...[Read More]
Use this step-by-step checklist to manage tax for a deceased estate.
13 November
1. Look after yourself This is the most important thing. If you are feeling overwhelmed, donāt hesitate to talk with your friends or family, or phone a confidential counselling service: Lifeline Australia onĀ 13Ā 11Ā 14Ā (24Ā hours) Beyond...[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 departmentās secretary, Steven...[Read More]
Some tips to help grow your superannuation
31 October
Retirement is a period most people eagerly anticipate. Itās 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 youāve been planning and haveĀ 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 Mayās 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 āevil forcesā...[Read More]
Hey big Spender: teal MP wants consumption tax re-think
23 October
Independent MP Allegra Spender represents the countryās 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? Weāve got some handy tips to help you stay on top of your tax and super obligations.
23 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. Ā Withhold the right amount of tax As an employer,...[Read More]
Stage three tax cut spending spree yet to surface
17 October
Tax cuts donāt 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]