Farm Business Concessional Loans Scheme extended Eligibility to the Farm Business Concessional Loans Scheme will be extended to assist farmers and their partners who have received their full entitlement for the Farm Household Allowance (FHA)…
Increase in the Medicare Levy Date of effect: 1 July 2019 From 1 July 2019, the Medicare Levy will increase to 2.5% of taxable income (up from 2%) raising an estimated $8.2 billion across the…
The Government is very keen for private investors – including large scale investors and superannuation funds – to be a part of the solution to Australia’s housing affordability crisis. A series of new measures target…
$20k immediate deduction extended for another year Date of effect: Extended until 30 June 2018 The $20,000* immediate deduction threshold for assets purchased by businesses with an aggregated turnover of under $10 million will be…
The use of the superannuation regime to provide incentives to resolve public housing issues is an interesting measure and one that will spark a lot of debate and interest. Encouraging the over 65s to downsize…
The Government’s economic forecasts are optimistic (and susceptible to change) with global growth expected to recover and Australia’s economy to expand. However, the economic commentary in the Budget is littered with comments such as “uncertainties…
The ‘Trump Rally’, which saw cyclical stocks rise strongly, bonds sell off and the U.S. dollar strengthen, has weakened as investors have reassessed the Trump administration’s ability to implement its economic agenda. Bond yields have…
We know that no one likes to pay tax and certainly no more tax than they should. But very few people want to be on the wrong side of an Australian Taxation Office (ATO) audit…
Recent changes to State laws may trigger a surprise tax bill for family trusts (discretionary trusts). The problem for family trusts stems from recent legislative changes in New South Wales (NSW), Victoria (VIC) and Queensland…
It’s always difficult for Governments and regulators to keep pace with changing business models, funding approaches, and technology. But, recent reforms and a series of new initiatives seek to free up entrepreneurs from excessive regulation,…
