WHAT’S NEW – TAX CHANGES FROM 1 JULY 2023 The ending of temporary full expensing (which allowed until 30 June 2023 an immediate deduction for the cost of an eligible depreciating asset for businesses with an aggregated turnover of less
Are you ready for year end? We are getting near the end of the tax year (30 June). So you might want to consider ways to ensure your business and tax affairs are in order in readiness for year end.
FROM THE ATO Hiring contractors You have a choice between hiring contractors and employees – both are legitimate as long as the conditions of the working contract match the worker’s classification. It’s important to understand the difference between employees and
THE UPDATED FEDERAL BUDGET 2022–23 The Treasurer, the Hon Dr Jim Chalmers MP, handed down his (and the Albanese Government’s) first Budget on 25 October 2022. There were few tax measures in the Budget. What measures there were mostly affect
What’s new? – Tax changes from 1 July 2022 A number of income tax and superannuation changes relevant to businesses took effect from 1 July 2022, including: Tax thresholds and rates Various tax thresholds and rates have increased for the