Tax

Coalition charts own course on one-hit tax relief

16 April

ONE-OFF HANDOUTS, BUT AT WHAT COST? * The federal coalition, led by Peter Dutton, announced tax rebates for more than 10 million tax payers earning up to $144,000 ahead of the official campaign launch in Western Sydney on Sunday * When taxpayers go...[Read More]

Eat the rich: Greens to tax billionaires to feed kids

16 April

Flipping toasties with kids at a Brisbane park, the Greens have turned up the heat on their plan to provide free school meals. Party leader Adam Bandt, Senator Penny Allman-Payne and prominent MP Max Chandler-Mather were out on a warm but wet...[Read More]

Greens pushing Labor to scrap property tax breaks

9 April

The federal government has again rejected a Greens push to put property tax break reforms back on the agenda, if Labor ends up in minority government after the election. In an address to the National Press Club on Wednesday, Greens leader Adam Bandt...[Read More]

Business hungry for more despite Labor tax sweetener

9 April

Small businesses are being tempted with a $20,000 sweetener to re-elect Labor, but the offering still falls short of the coalition pitch to traders. Labor has vowed to extend the instant asset write-off – which allows businesses and tradies with a...[Read More]

Managing finances and lifestyle activities during retirement

3 April

Retirement is a complex period divided into various phases, each with its own set of financial requirements and lifestyle considerations. Understanding how to budget for each stage can help you make the most of your post-career...[Read More]

Taxpayers win as biggest power plant keeps itself open

2 April

Taxpayers won’t have to bail out Australia’s largest power station – for the coming year at least – as the clock ticks on a once-in-a-generation energy transition. Origin Energy decided not to trigger the first year of the $450 million...[Read More]

Hitting the brakes: hybrid sales clouded by tax cut end

2 April

Motorists are expected to hit the brakes on plug-in hybrid electric vehicle sales in Australia after a tax exemption that cut thousands of dollars from their purchase expired. Automotive industry experts called on both major political parties to...[Read More]

Budget focuses on power bills, tax cuts and healthcare

26 March

FEDERAL BUDGET AT A GLANCE * Budget deficit of $27.6 billion this financial year * Commonwealth gross debt to rise to $940 billion (33.7 per cent of GDP) in 2024/25 before cracking $1 trillion the year after * Net debt to rise to $556 billion in...[Read More]

‘Unfair, unrealistic’: young Aussies bear budget burden

26 March

Australian workers will be increasingly relied upon to prop up ballooning federal government spending, despite tax cuts handing back two years of bracket creep. The “modest” cuts announced by Treasurer Jim Chalmers in the federal budget will...[Read More]

Labor lambasts coalition ‘brain explosion’ on tax cuts

26 March

Plans for new tax cuts for every Australian worker have been rushed into federal parliament, as the window for the calling of the national election narrows. Treasurer Jim Chalmers introduced the legislation to the house on Wednesday, saying it will...[Read More]

Serving up success: 10 ways accountants can boost hospitality businesses

20 March

Accountants play a crucial role in the vibrant and dynamic hospitality industry, supporting businesses such as restaurants, hotels, cafes, and bars.  These businesses often face challenges like tight profit margins, seasonal fluctuations, high...[Read More]

Fringe benefits tax (FBT) time is almost here

19 March

It’s time to get your obligations sorted and prepare for upcoming FBT changes.   With the 2025 FBT year wrapping up on 31 March, it’s important you’re on track to meet your obligations and are prepared for any changes.   Follow these...[Read More]

Selling your business: key considerations & tips for success

13 March

Selling a business is a significant decision that requires careful planning, strategic timing, and expert guidance.  To maximise the value of your business and ensure a smooth transition, consider these essential factors and seek professional...[Read More]

Calls grow to banish ‘anti-democratic’ bracket creep

5 March

Independent MPs will use a minority government to push for an end to tax bracket creep, which is placing a growing burden on working Australians. The move has been backed by a growing chorus of economists, who accuse the major parties of relying on...[Read More]

Plug-in hybrid car tax breaks about to hit the skids

5 March

Do Australian drivers still need a stepping stone to make the transition from a petrol or diesel vehicle to an electric car? It’s a question that is dividing the automotive industry as the clock ticks down to the removal of a tax exemption for...[Read More]