Tax
Major tax reform on âmenu of optionsâ ahead of budget
12 April
Pruning back stage-three tax cuts, raising the GST and cutting wasteful spending on major defence and transport projects are among a suite of options the government could consider to rein in the budget deficit. Treasurer Jim Chalmers is due to hand...[Read More]
Tax experts to gather for independent summit
29 March
Changing Australiaâs tax policies to improve the economy, boost wages and balance the budget will be at the heart of a summit to be held in Canberra. Independent MP Allegra Spender has organised a tax roundtable at Parliament House on Friday...[Read More]
Rural residents to benefit least from planned tax cuts
22 March
Australians in regional and rural areas will be left behind the most when stage three tax cuts come into effect, new analysis has shown. A report by Anglicare Australia found the tax cuts would most benefit people living in wealthy areas of major...[Read More]
Fresh push for changes to âdistortedâ GST system
15 March
Victoria is heaping renewed pressure on the federal government to change the GST system as the state faces a $1.4 billion budget shortfall. The Albanese government must make the âno worse offâ GST guarantee permanent so states and territories...[Read More]
We had a responsibility to act on super tax: PM
9 March
The prime minister says he had a responsibility to act on making changes to taxes on superannuation, following departmental advice on multimillion-dollar balances. While there had been broad community support for doubling the tax rate for...[Read More]
Newspoll shows voters approve of super tax plan
8 March
A majority of voters approve of the governmentâs superannuation tax plan but Labor and Prime Minister Anthony Albanese have been marked down, the latest Newspoll shows. The poll conducted for The Australian shows almost two-thirds of voters...[Read More]
Battleground set for changes to superannuation tax
1 March
The Liberals will go to the next election pledging to repeal Laborâs plan to increase the tax on high-end superannuation accounts. A new plan revealed by the prime minister and treasurer on Tuesday will double the current tax rate to 30 per cent...[Read More]
Treasurer wants ânational conversationâ on super taxes
22 February
The treasurer wants to start a conversation about the future of superannuation concessions that burden the federal budget, but hasnât changed his position on tax reform. Jim Chalmers said the government canât ignore the cost of super tax...[Read More]
Early access to your money
15 February
If you are in financial difficulty, you may be able to get early access to a refund from a tax return or activity statement. You may also be able to access your superannuation in certain circumstances. On this page Receive your refund early Access...[Read More]
Webinars to help your business thrive
8 February
There are many online services and digital systems that can help you excel in your business activities and easily manage your tax and super commitments. Join our webinars to find out what systems are available for each area of your business...[Read More]
Why is it important to discuss inheritance planning with your family
4 February
While most people write wills, very few families discuss inheritance. Parents avoid discussing inheritance planning with their children due to the subjectâs sensitivity. However, avoiding the conversation does more harm than good. For example,...[Read More]
Are you still using your ABN?
1 February
Your ABN may be flagged for cancellation if you havenât reported business activity in your tax return, or there are no signs of business activity in other lodgments or third-party information. If we identify your ABN as inactive, weâll contact...[Read More]
Pressure builds to ditch tax cuts in next budget
1 February
Welfare advocates are putting a spotlight on the federal governmentâs planned tax cuts for the wealthy, urging them to be scrapped in favour of lifting the rate of JobSeeker and other support payments. Anglicare Australia has released its...[Read More]
Five new yearâs tax resolutions
25 January
Donât clean out the garage. Forget that lapsed gym membership. Here are 5 new yearâs resolutions to keep if you want to stay on top of your tax and super in 2023. Know if youâre in business or not! Are you earning an increasing income from a...[Read More]
Small business CGT concessions
18 January
Small business entities are eligible for a range of tax concessions on capital gains that arise on the disposal of business assets. The concessions, which may be relevant to you, include: 15-year exemption 50% active asset reduction retirement...[Read More]