This is a safe, ballot box friendly Budget as expected with a focus on jobs, cost of living, home ownership, and health. Key initiatives include: • A 6 month, 50% reduction in fuel excise with effect from midnight Budget night • A $420 cost of living tax offset for low and middle income earners from 1 July 2022 • A one-off $250 economic support payment to some social security payment recipients

This is a safe, ballot box friendly Budget as expected with a focus on jobs, cost of living, home ownership, and health. Key initiatives include: • A 6 month, 50% reduction in fuel excise with effect from midnight Budget night • A $420 cost of living tax offset for low and middle income earners from 1 July 2022 • A one-off $250 economic support payment to some social security payment recipients

General Company Tax Rate  1 The rates in this table do not apply to Retirement Savings Account Providers, Life Insurance Companies, Pooled Development Funds, credit unions […]

For many individuals, their family home will represent their most valuable asset, both financially as well as for sentimental reasons. Therefore, it is important to consider […]

Program Summary On 30 May 2021, the Victorian Government announced a $250.7 million Circuit Breaker Business Support Package to support Victorian businesses most affected by the […]

Electronic invoicing (or e-invoicing) is the automated digital exchange of invoice information directly between a buyer’s and supplier’s accounting systems.  With e-invoicing there will no longer […]

According to the ATO, the data will uncover individuals who have failed to report a disposal of cryptocurrency and the appropriate capital gain or loss in […]

$2,500 grants for eligible employing and non-employing businesses in sectors most impacted by the circuit breaker restrictions. Eligibility  operate in an eligible sector listed in the […]

Digital currency: GST and digital currency | Australian Taxation Office (ato.gov.au) Sales and purchases of digital currency are not subject to GST from 1 July 2017 if not […]

Resident Individual:  The following rates apply to resident individuals for the 2021 income year: 1. The above rates do not include the Medicare levy of 2%.  […]

HELP Repayment Rates and Thresholds  Compulsory repayments of Higher Education Loan Programme (‘HELP’) and other study and training loans are based on a taxpayer’s ‘repayment income’.  […]

The Treasurer delivered the Federal Budget 2021-22 on Tuesday 11 may 2021.  The government has delivered an expansionary budget for 2021-22 which continues to facilitate the […]