The tax impact of an inheritance will generally depend on the nature of the asset and the tax characteristics of the beneficiary. Learn more...
ATO data analysis has revealed that over 16,500 self managed superannuation funds (SMSFs) have reported assets as having the same value for three consecutive years. With many of these assets residential or commercial Australian property, you can forgive the ATO for being incredulous.
The Treasurer is promising that inflation will decline by 0.75% as a direct result of the 2024-25 Federal Budget initiatives including energy relief for all households, a boost to Commonwealth Rent Assistance, and the freezing of the maximum co-payment on the Pharmaceutical Benefits Scheme.
The Government has announced that from 1 July 2025, the 15% concessional tax rate applied to future earnings for total superannuation balances (TSB) above $3 million will increase from 15% to 30%.
The redesigned Stage 3 personal income tax cuts explained, but beware, the impact will be less favourable than it would have been prior to the redesign.
Legislation enabling the small business energy incentive hit Parliament last week. The incentive is another broadly defined incentive to nudge behaviour, this time towards energy efficiency and “electrification.”
We assess the small business measures in this year’s Federal Budget focused on jobs recovery, tax breaks and the expansion of the instant asset write-off.
JobMaker provides SME's with a credit of up to $200/wk to hire workers aged between 16 and 35. This is available for young workers who have received JobSeeker, Youth Allowance or a Parenting Payment for one of the three months before being hired.
We assess the small business measures in this year’s Federal Budget focused on jobs recovery, tax breaks and the expansion of the instant asset write-off.
The Australian Government today announced a $17.6 billion stimulus package to support businesses, households and the Australian economy navigate the significant challenges brought on by the spread of the coronavirus. This article considers how SME's can benefit from the stimulus package.
