Victorian Tax Changes for 2018
The State Taxation Acts Amendment Bill 2018, which received Royal Assent in early June, introduces a number of changes to payroll tax, duties…
Your essential EOFY tax checklist
No one wants to pay more tax than they need to or face unnecessary risks. We’ve compiled a list of…
What’s changing on 1 July 2018?
Individuals Personal tax bracket changes - The top threshold of the 32.5% personal income tax bracket will increase from $87,000…
One-Off Super Guarantee Amnesty
Employers that have fallen behind with their superannuation guarantee (SG) obligations will have 12 months to “self-correct” under a new…
Budget 2018: Individuals & Families
Person Income Tax Cuts The anticipated personal income tax cuts will be delivered as part of a seven year plan…
Budget 2018: For Businesses
$20K Accelerated Depreciation Extended The ability for small business entities to claim an immediate deduction for assets costing less than $20,000 has…
Federal Budget 2018: Superannuation
3 Year Cycle for SMSF Audits Date of Effect: 1st July 2019 SMSFs with a history of good record‑keeping and compliance…
Budget 2018: Property Investors
Deductions will be denied for expenses associated with holding vacant land. The Government is concerned that deductions are being improperly…
Budget 2018: Infrastructure & Investment
New Infrastructure Projects $75 billion has been set aside for transport infrastructure including $24.5 billion in new projects. New projects…
Budget 2018: Economic Overview
The Government is very keen to push its economic credibility in this Budget - to the point that the Budget…