Lower taxes for businesses and individuals
The Budget seeks to promote tax reform and simplification in an effort to support business investment and help reduce the personal income tax burden. Business
The Budget seeks to promote tax reform and simplification in an effort to support business investment and help reduce the personal income tax burden. Business
Determining where to invest requires multiple factors to be taken into consideration. One such factor may be tax efficiency. The tax charged on income from
In its efforts to boost the economy, the Federal Government is considering bringing the planned income tax cuts forward. The intention behind these cuts is
Individuals upskilling and educating themselves during these down times may be eligible to claim a deduction for their self-education expenses. The deductions apply to self-education
It is not uncommon for businesses to provide loans to shareholders or associates of a company. However, business owners should know the conditions that their
Businesses that provide benefits to employees during an emergency situation are likely to have assistance costs be exempt from fringe benefits tax (FBT). It is
The Government has introduced additional changes to JobKeeper to help more businesses qualify for the relief payments. One of the key changes was moving the
Transferring the ownership of assets from one party to another may attract CGT. However, in the event that a change in ownership occurs due to
The Taxable Payments Annual Report (TPAR) is an industry-specific report through which businesses inform the ATO of the total payments made to contractors for services
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