Federal budget | March 2022
PERSONAL TAXATION
Personal tax rates unchanged for 2022–2023
In the Budget, the Government did not announce any personal tax rates changes. The Stage 3 tax changes commence from 1 July 2024, as previously legislated.
The 2022–2023 tax…
The ATO is targeting side hustlers: Here’s what you need to know
This is an interesting article for those of you who have started a side business.
Starting a side business can open a path towards financial freedom, but that opportunity comes with the risk of falling afoul of the Australian Taxation Office.
Director…
Pre-lodgement Compliance Review: What You Need To Know
As a part of the ATO's concerted efforts to engage taxpayers earlier and identify risks before they become an issue, Pre-lodgement Compliance Reviews (PCRs) are increasingly being used.
PCRs have previously exclusively been in the domain…
Client Alert Explanatory Memorandum (October 2015)
This issue of Client Alert takes into account all developments up to and including 17 September 2015.
Excessive deduction claims on holiday homes on ATO hit list
The ATO is increasing its focus on holiday home investors and, in particularly,…
TaxWise Budget 2015-16
TaxWise® 2015-16 FEDERAL BUDGET EDITION
The 2015-16 Federal Budget was handed down on 12 May 2015.
The intention of this Budget is to support small businesses and grow jobs, support families and ensure fairness of tax and benefits. At…
Client Alert – Federal Budget Edition (May 2015)
PERSONAL TAXATION
Personal tax rates: budget deficit levy not to be extended
The 2015–2016 Budget did not make any changes to the current personal tax rates, although in the lead-up to the Budget, the Treasurer indicated that the 2% budget…
A general thinker’s tips for entrepreneurs
Giuffre, Remo. 'A General Thinker's Trips For Entrepreneurs'. Acuity 2.3 (2015): 40. Print.
THERE ARE GOOD, bad and ugly things about being an entrepreneur. It’s a sporadically very rewarding but often very hard life.
Financial security…
Future Tech
Adam Ferguson. (2015). Future Tech. Acuity. 2 (1), p36-p38.
THE RAPID GROWTH
of cloud services and products and the adoption of the technology among the small business community has created a raft of benefits for industry and the economy.
In…
Client Alert - FBT Return Checklist (March 2015)
Rate of tax
Yes
No
Are you aware the FBT rate for the FBT year ending 31 March 2015 has increased to 47%?Note the FBT rate will rise to 49% for the FBT years ending 31 March 2016 and 31 March 2017. The rate was 46.5% for…