Tax
Businesses to save as government scraps tariffs
13 March
Toothbrushes, sanitary products, washing machines and freezers may become cheaper in a move retailers say will reduce the costs of doing business. Almost 500 nuisance tariffs will be scrapped in the new financial year, saving companies more than $30...[Read More]
Getting your business on the right track
6 March
Deputy Commissioner Small Business, Will Day, provides advice on how to get the basics right. If youâre looking to start a new business, we want to help you get on the right track, right from the start. And if you are running an...[Read More]
Aussies to keep more of what they earn as tax cuts pass
28 February
Low and middle income earners will soon keep more of what they earn after revamped tax cuts cleared federal parliament. Laborâs amended tax package was endorsed by the Senate on Tuesday evening after receiving backing in the lower...[Read More]
Is your business eligible for concessions â tips on small business tax offsets
28 February
As a small business owner, you may be eligible for concessions on the amount of tax you pay. This depends on your business structure, your industry and your annual turnover. If you have an aggregated turnover less than: $2Â million, you can access...[Read More]
Data could end year-long holiday home tax breaks
21 February
New data collection methods could end the days of short-term rental property owners claiming tax deductions when the home is not being rented. Prime Minister Anthony Albanese has vowed to raise the issue of the owners of holiday rentals or Airbnbs...[Read More]
Outgoing ATO boss calls for greater tax office powers
21 February
The outgoing head of the ATO has called for the tax office to have the power to collect evidence as part of criminal investigations. In a speech to the National Press Club, ATO commissioner Chris Jordan said the organisation should be given powers...[Read More]
Tax cuts all but assured as coalition backs changes
7 February
Low and middle income earners have been guaranteed extra relief, with bipartisan support secured for changes to income tax cuts. Opposition Leader Peter Dutton said he would not stand in the way of those doing it tough and in need of tax...[Read More]
PM delivers big pitch on tax cuts as crucial vote nears
14 February
Anthony Albanese has laid out his pitch for revamped income tax cuts as the changes reach a major hurdle. The prime minister told parliament the tax changes would not leave people behind, saying the measures represented meaningful change. âWe want...[Read More]
Stamp duty costs climb as home buyers struggle to save
14 February
Saving for a house deposit is hard enough but it turns out other associated costs are soaring too, making home ownership more elusive. States and territories charge buyers stamp duty on most property purchases. The tax is up to six times more...[Read More]
Almost two in three voters back tax changes, poll shows
7 February
Voters have voiced approval for looming changes to tax cuts, but federal politicians are doing their best to play down the polling. Almost two in three people surveyed by Newspoll said the prime minister made the right decision to amend stage three...[Read More]
Treasurer ânot consideringâ changes to negative gearing
31 January
Australians have been assured there will be no tinkering with tax breaks for real estate investors following an unexpected rework of the stage three cuts. With the federal government gearing up to take its rejigged tax package on a national...[Read More]
Tax changes spark calls for complete system redesign
31 January
The federal MP representing Australiaâs wealthiest electorate has called for a wider overhaul of the taxation system than the planned stage three tax cuts. âTax reform is too important an issue to be ignored,â independent MP Allegra Spender,...[Read More]
Property investor tax breaks blamed for housing crisis
24 January
Affordable housing has moved beyond many Australiansâ reach because the government is subsidising the private market instead of building social housing, a new report has found. Everybodyâs Home Written Off report shows the federal budget is...[Read More]
Middle Australia focus of tax overhaul
24 January
Middle Australia will be the focus of an income tax overhaul, Prime Minister Anthony Albanese has confirmed. Mr Albanese said he will take the proposed changes to a Labor caucus meeting on Wednesday and provide details at the National Press Club on...[Read More]
PM confirms contentious stage three tax cuts to stay
17 January
Controversial tax cuts providing greater relief for high-earning Australians will remain in place, the prime minister has vowed. Anthony Albanese said stage three tax cuts will still go ahead and come into effect on July 1. The tax cuts will create...[Read More]