Tax cuts are official! With the Senate passing the Government’s tax plan in full, most taxpayers can expect to see some extra cash in their tax refund this year. If you earn between $48,000 and $90,000, you can expect to receive an extra $1,080 The extra refund reduces for incomes above $90,000, and […]
Tax
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The new financial year has commenced, which means it’s time to get your annual payroll finalised. Here’s a few key tips to make your end-of-year payroll a breeze! Generate your end-of-year summary reports before commencing payroll finalisation so you can check and reconcile your payroll as you work through […]
Last night, the Queensland Government handed down the 2019-20 state budget. The budget provides payroll tax relief for small business, and a reduction in payroll tax for regional employers. This is partly funded by an increase in the payroll tax rate for large business, and an increase in the land […]
Australia voted for business as usual! With the re-election of the Coalition Government, the Australian Labor Party’s ambitious tax plan is now off the table. The election campaign focussed on Labor plans, with very little policy from the Coalition. We have summarised the key tax changes that are expected to […]
The NTAA recently published a summary of the key tax reforms proposed by the Labor party, and we have reproduced this in the table below. We have updated the table to include key tax reforms announced by the Coalition in the 2019/20 Federal budget, and the Opposition’s Budget Reply speech. […]