2023/2024 Full Detailed Federal Budget Report The Federal Treasurer, Dr Jim Chalmers, handed down the 2023-24 Federal Budget at 7:30 pm (AEST) on 9 May 2023. The Budget forecasts the underlying cash balance to be in surplus by $4.2 billion in 2022–23, the first surplus since 2007–08, followed by a forecast deficit of $13.9 billion
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Topics covered in this edition of our Client Information Bulletin are: From the ATO – has your business been impacted by the floods? Tax concessions for small business entities Using business money from your private company for personal purposes Check your business PAYG instalments Four tips to help nail your record keeping New changes to
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Topics covered in this edition of our Client Information Bulletin are: From the ATO Are you still using your ABN? Do you provide car parking for employees? Five new year’s tax resolutions Foreign incorporated companies What has parliament done? What’s in the parliamentary pipeline? Key tax dates Click here to DOWNLOAD CIB – February edition
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Topics covered in this edition of our Client Information Bulletin are: What’s new From the ATO Using a motor vehicle for business Superannuation for holiday work Stapled superannuation fund for employers Key tax dates Click here to DOWNLOAD CIB – November edition 2022
Labor Government 2022/2023 Full Detailed Federal Budget Report The Federal Treasurer, Dr Jim Chalmers, handed down the Labor government’s first Federal Budget at 7:30 pm (AEDT) on 25 October 2022. Despite an uncertain global economic environment, the Treasurer has lauded Australia’s low unemployment and strong export prices as reason for a 3.5% growth in the
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If you are a director, or alternate director, or if you were a director at any time since 31 October 2021, of any of the following, you must apply for your Director ID number by 30 November 2022: Australian company; Aboriginal or Torres Strait Islander Corporation; Corporate trustee (including trustee of a self-managed superannuation fund);
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Topics covered in this edition of our Client Information Bulletin are: What’s new? – Tax changes from 1 July 2022 It’s tax time again! Home office From the ATO Partnerships – assigning interests Other information What’s new – Income tax thresholds COVID-19 payments Key tax dates Click here to DOWNLOAD I – September 2022
Topics covered in this edition of our Client Information Bulletin are: A new government – tax changes? Parliament – what happened when the election was called? Year-end tax tips What concerns the ATO? FBT issues Scams and crimes Key tax dates Click here to DOWNLOAD CIB – June edition 2022
Topics covered in this edition of our Client Information Bulletin are: What is new? Tax Losses Changing loss carry back choice Using business money for private purposes Check your business’ PAYG instalments Digital record keeping Don’t get burned by the phoenix Employee or independent contractor? FBT issues Key tax dates Click here to DOWNLOAD CIB
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Federal Budget 2022/23 full detailed report Highlights In an economy emerging from the pandemic, the unemployment rate is currently at 4% and there is an expected budget deficit of $78 billion for 2022/23. As international uncertainties add pressure on the cost of living, key measures of this year’s Budget are aimed to provide a relief
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