Tax
EOFY is approaching: what can you do now to maximise this financial year and prepare for the next?
7 May
As 30 June approaches, many individuals and business owners start thinking about tax. But the best tax outcomes are usually achieved before the Financial Year ends, not after it. EOFY is the perfect time to review your income, expenses,...[Read More]
Aussies losing almost $5b in unpaid super every year
6 May
Australians are missing out on almost $5 billion in superannuation entitlements every year, with one in four workers affected nationwide. Workers were underpaid $24.4 billion across five years between 2018 and 2023, according to the latest...[Read More]
Payroll: The quiet engine room of a small business
30 April
For many small business owners, payroll can feel like one of those back-office jobs that simply needs to “get done.” Wages are paid, payslips are issued, and everyone moves on. But in reality, payroll is one of the most important...[Read More]
Making the most of dalary sacrifice: A smarter way to build your super
23 April
When it comes to building long-term wealth for retirement, one strategy that often gets mentioned—but not always fully understood—is salary sacrificing into superannuation. While it may sound complex, the concept is relatively straightforward...[Read More]
‘Tiny’ tax returns on gas has leading economist fuming
22 April
Australians deserve a fairer return on gas extracted from the ground than the embarrassing sums raised through existing resource tax settings, a leading economist argues. Former Treasury secretary and author of a prominent tax review, Ken Henry,...[Read More]
Fact or fiction? What you can expect with Payday Super
15 April
Deputy Commissioner Emma Rosenzweig busts some Payday Super myths. With just 3 months to go until Payday Super begins, I’ve been hearing a lot of questions from employers, and a few common myths too. Let’s clear up a few of the biggest...[Read More]
April–May tax tips for Aussie small businesses: Get ahead before EOFY
9 April
As the financial year draws to a close, April and May are two of the most important months for small business owners across Australia. Rather than scrambling in June, this is the ideal window to get organised, optimise your position, and potentially...[Read More]
Starting a business? Here’s what to think about before you dive in
9 April
Launching a business is an exciting step, whether you’re turning a passion into profit or building something from the ground up. But before you register a name and start trading, there are important legal and strategic considerations that can make...[Read More]
Building the right team when buying an investment property
2 April
Purchasing an investment property is a major financial decision. For many Australians, it involves committing significant capital, taking on long-term debt, and relying on the property to help build wealth over time. Investment properties can...[Read More]
Sticky situation as super changes stretch small firms
25 March
Rising costs and cash flow pressures could force thousands of small business owners to dip into personal savings to comply with new superannuation rules. Changes slated for July 1 require employers to pay employees superannuation at the same time as...[Read More]
Treasurer softens up voters for ‘hard decisions’ on tax
25 March
Treasurer Jim Chalmers is willing to anger older Australians to make the tax system fairer for younger generations. But he admitted productivity growth would take longer to recover than previously thought during a major pre-budget address to a...[Read More]
Gas, property lobbies fire up over proposed tax reform
25 March
Australia’s fossil fuel and property industries are gearing up for a fight over tax as the government mulls changes ahead of its May budget. Treasury is reportedly drawing up changes to make the tax system fairer for younger Australians, including...[Read More]
Leaders urged to stomach junk food tax to save lives
25 March
More than 200,000 lives and billions of dollars in health costs could be saved if political leaders developed an appetite to tax unhealthy foods, according to fresh research. The federal government is being called upon to consider a 20 per cent tax...[Read More]
Tax discount ‘skewing’ property market to investors
18 March
Discounts on capital gains tax have been found to skew the housing market in favour of investors at the expense of owner-occupiers, as the federal government is urged to scrap the controversial measure. A parliamentary inquiry report into the...[Read More]
How much each state will get from the GST carve-up
18 March
CHANGES IN STATE AND TERRITORY GST PAYMENTS NSW * GST payment increased from $28.1 billion to $28.2 billion * Relative share of GST compared to per capita allocation fell from 86c in the dollar to 82c * Share of GST fell from 26.7 per cent to 25.5...[Read More]