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Bates Cosgrave offers expert advice on super transfer under QROPS rules, upcoming payday changes, downsizer contributions, eligibility rules, and benefits for retirees, as well as tax implications of inheriting property, cash, shares, and foreign assets.
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Learn how to transfer UK pensions to Australian SMSFs under QROPS rules. Expert advice on compliance and tax at Bates Cosgrave.
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Learn about downsizer contributions to super, eligibility rules, and benefits for retirees. Expert advice available at Bates Cosgrave.
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Understand the upcoming payday super changes starting July 2026. Learn how these reforms impact employers and employees at Bates Cosgrave.
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Learn about the tax implications of inheriting property, cash, shares, and foreign assets. Get expert advice from Bates Cosgrave.
2024 News
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Learn how to transfer UK pensions to Australian SMSFs under QROPS rules. Expert advice on compliance and tax at Bates Cosgrave.
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Learn about downsizer contributions to super, eligibility rules, and benefits for retirees. Expert advice available at Bates Cosgrave.
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Understand the upcoming payday super changes starting July 2026. Learn how these reforms impact employers and employees at Bates Cosgrave.
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Learn about the tax implications of inheriting property, cash, shares, and foreign assets. Get expert advice from Bates Cosgrave.
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The 2024-25 Federal Budget aims to cut inflation by 0.75%, lower energy costs, boost rent assistance, and keep PBS co-payments unchanged.
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The 2024-25 Federal Budget aims to cut inflation by 0.75%, lower energy costs, boost rent assistance, and keep PBS co-payments unchanged.
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The 2024-25 Federal Budget aims to cut inflation by 0.75%, lower energy costs, boost rent assistance, and keep PBS co-payments unchanged.
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The 2024-25 Federal Budget aims to cut inflation by 0.75%, lower energy costs, boost rent assistance, and keep PBS co-payments unchanged.
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The 2024-25 Federal Budget aims to cut inflation by 0.75%, lower energy costs, boost rent assistance, and keep PBS co-payments unchanged.
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The 2024-25 Federal Budget aims to cut inflation by 0.75%, lower energy costs, boost rent assistance, and keep PBS co-payments unchanged.
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The 2024-25 Federal Budget aims to cut inflation by 0.75%, lower energy costs, boost rent assistance, and keep PBS co-payments unchanged.
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The 2024-25 Federal Budget aims to cut inflation by 0.75%, lower energy costs, boost rent assistance, and keep PBS co-payments unchanged.
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The 2024-25 Federal Budget aims to cut inflation by 0.75%, lower energy costs, boost rent assistance, and keep PBS co-payments unchanged.
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The 2024-25 Federal Budget aims to cut inflation by 0.75%, lower energy costs, boost rent assistance, and keep PBS co-payments unchanged.
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The 2024-25 Federal Budget aims to cut inflation by 0.75%, lower energy costs, boost rent assistance, and keep PBS co-payments unchanged.
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The 2024-25 Federal Budget aims to cut inflation by 0.75%, lower energy costs, boost rent assistance, and keep PBS co-payments unchanged.
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The 2024-25 Federal Budget aims to cut inflation by 0.75%, lower energy costs, boost rent assistance, and keep PBS co-payments unchanged.
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Budget 2024-25: Tax cuts for incomes under $150K, $300 energy relief, increased Medicare thresholds, HELP debt indexation changes, and more.
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Learn about expanded CGT rules for foreign residents, including new asset classifications and ATO notification requirements, starting July 1, 2025.
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Explore new energy assistance, instant asset write-off extensions, and tax incentives for small businesses and renewable energy investments starting in 2024.
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Stay informed on the latest government and regulatory updates, including digital asset regulations, ATO fraud prevention, and anti-money laundering reforms starting in 2024.
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Discover Australia's gender equality initiatives and AI policies outlined in the Women's Budget Statement and other key government measures. Contact Bates Cosgrave
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Explore key economic indicators for Australia in 2024, including GDP growth, inflation rates, unemployment figures, and the impact of global instability on the economy.
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Discover the updated personal income tax rates for Australian residents, non-residents, and working holiday makers effective from July 1, 2024.
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Explore key measures from the 2024 budget and their start dates at a glance. Stay informed about changes affecting individuals, businesses, superannuation, compliance, and more.
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Explore options for parents helping children buy a home. Understand gifts, loans, co-ownership, trusts, and tax implications. Contact us for advice.
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Ensure a smooth transition of your business to the next generation. Consider capability, capital transfer, control, and timelines. Contact us for expert advice.
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Learn about ATO's focus on business owners using company money for personal use. Understand Division 7A implications. Contact us for expert advice.
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Learn about the risks of unauthorised early access to SMSF funds. Ensure compliance and protect your retirement assets. Contact us for expert advice.
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Learn about the complexities of tax residency through the Quy v Tax Commissioner case. Understand the Ordinary Concepts and Domicile tests.
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The ATO's alert on SMSF asset valuation practices. Learn about regulatory requirements and best practices for evaluating various assets in your SMSF.
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Get ready for insights on the Albanese government's budget priorities for 2024-25, including tax cuts, small business incentives, energy relief measures and more.
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What are the impact of non-compete clause on job market. Learn about potential regulatory changes and their implications for businesses and employees.
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Learn about how ATO investigate professional service businesses who seem to be evading taxes. Understand Part IVA implications and compliance strategies.
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What is the worth of your business and learn what sets high-value companies apart from the rest. And what are the tactics to increase it over time?
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Get confirmation of the revised stage 3 tax cuts effective from July 1. Stay informed with expert insights from Bates Cosgrave.
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Explore insights on debt from ATOS with Bates Cosgrave. Gain valuable perspectives and strategies to manage debt effectively. Enhance your financial knowledge today.
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Understand the risks of taking money from your business. Get expert advice from Bates Cosgrave on financial implications and strategies for responsible withdrawal.
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Understand the implications of Fringe Benefits Tax (FBT) on electric vehicles with insights from Bates Cosgrave. Learn about exemptions, concessions, and compliance requirements.
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Learn how to maximize the benefits of the 1 July super cap increase with expert advice from Bates Cosgrave. Explore strategies for optimizing your superannuation contributions now!
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Explore the possibility of property development for your self-managed superannuation fund (SMSF). Bates Cosgrave offers expert guidance.
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Learn about the crucial role of objective evidence in property transactions for navigating tax challenges. Get expert advice from Bates Cosgrave.
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Discover the redesigned Stage 3 personal income tax cuts and their impact. Get insights from Bates Cosgrave, your trusted tax advisors. Learn more now!
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Gain transparency and insights into Australia's R&D Tax Incentive Program. Bates Cosgrave provides expert guidance. Learn how to maximize your benefits today!
2023 News
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Explore the controversy as a taxpayer claims a loss on their home. Gain insights into this unique case with expert analysis from Bates Cosgrave.
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Get the latest on Parliament's debate on taxing super balances over $3 million. Stay informed with insights from Bates Cosgrave experts.
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Explore the recent challenge to the ATO's position on unpaid trust distributions to companies. Stay informed with insights from Bates Cosgrave experts.
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Get ahead in 2024 with insights on key influences shaping the landscape. Explore trends and strategies for success with Bates Cosgrave experts.
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Explore the recent challenge to the ATO's position on unpaid trust distributions to companies. Stay informed with insights from Bates Cosgrave experts.
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Discover the latest changes to fixed-term employment contracts with a maximum limit of 2 years. Stay informed with insights from Bates Cosgrave experts.
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Delve into the $3.6 billion gap in unpaid superannuation in Australia. Gain insights and solutions to address this issue with Bates Cosgrave experts.
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Stay informed about the proposed 30% tax rate on super earnings exceeding $3 million. Explore the implications with expert insights from Bates Cosgrave.
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Explore Chobani's Flip Yoghurt GST case study with insights on navigating tax challenges. Learn from Bates Cosgrave's expertise in GST management.
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Understanding delayed payment and tax consequences for taxpayers. Gain insights into financial planning at Bates Cosgrave. Prepare wisely for the future.
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Discover eligible tax deductions for self-education expenses. Explore valuable insights from Bates Cosgrave on maximizing your tax benefits for learning investments.
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Confused about GST registration for your land subdivision project? Our experts guide you through the process. Get clarity today with Bates Cosgrave.
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Discover the impact of the Airbnb tax and regulatory changes on short-term rentals. Get insights from Bates Cosgrave experts on navigating this evolving landscape.
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Gain insights from the 2023 Intergenerational Report on anticipating Australia's evolution. Stay informed about the nation's future at Bates Cosgrave.
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Discover the purpose of superannuation in legislation. Gain insights into retirement planning at Bates Cosgrave. Secure your financial future today.
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Dive into the billion-dollar TikTok tax scandal. Explore the revelations and implications at Bates Cosgrave. Stay informed about financial news.
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Understanding delayed payment and tax consequences for taxpayers. Gain insights into financial planning at Bates Cosgrave. Prepare wisely for the future.
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Confused about GST registration for your land subdivision project? Our experts guide you through the process. Get clarity today with Bates Cosgrave.
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Discover essential tax insights for small-scale subdivisions on our informative page. Avoid pitfalls with Bates Cosgrave's expert guidance
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Ensure seamless business succession to the next generation with our expert guidance. Explore key insights on our informative page
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Is a second job worth it? Explore the value and implications of a second income source on our insightful page.
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Decode shrinking tax refunds in Australia: Discover reasons and implications on our informative page. Stay informed with Bates Cosgrave.
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Stay updated on Australian tax changes! Discover what's new as of July 1, 2023, with expert insights from Bates Cosgrave. Navigate tax reforms effectively.
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Discover the powerful 120% technology and skills boost deduction. Unlock tax advantages for your business. Expert advice from Bates Cosgrave.
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Digital games have been increasing in an incredible speed. But this growing industry still requires some tax strategies to make sure it goes along the right side.
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Discover Australian tax treatment of overseas superannuation & pension funds. Expert advice on managing international retirement accounts at Bates Cosgrave.
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Discover how foreign companies can own a business in Australia. Our expert guide explains regulations, requirements, and key considerations
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Discover how foreign companies can own a business in Australia. Our expert guide explains regulations, requirements, and key considerations
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Discover smart super savings and investment strategies with Bates Cosgrave. Maximize your financial future with expert advice. Learn more now!
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Stay updated on Australian tax changes! Discover what's new as of July 1, 2023, with expert insights from Bates Cosgrave. Navigate tax reforms effectively.
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Stay updated on Australian tax changes! Discover what's new as of July 1, 2023, with expert insights from Bates Cosgrave. Navigate tax reforms effectively.
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Rising commodity prices, inflation, and employment have all contributed to an uptick in corporate and individual tax. We will help you know the inner reasons.
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The Energy Bill Support Fund is designed to provide targeted assistance with energy bills to eligible households and small business clients. Find the details here.
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Businesses with yearly sales of less than $10 million are eligible to deduct the full purchase price of certain depreciable assets.Explore the impacts here.
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The NALI rule ensures that superannuation trustees can't receive the benefit of favourable tax treatment . We will also show you the other impacts of the rule.
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The 2023-2024 federal budget will be unveiled on May 9th this year. Keep an eye out for our budget update on the topics that really matter to you, your family and your business.
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After FY2025-26, profits on superannuation accounts over $3 million will be subject to a 30% tax. The current 15% concessional tax rate applied to future profits for superannuation accounts above $3 million will increase to 30% as of 2025-26, as promised by the government.
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From 1 July 2023, the ATO will demand annual reporting from platforms that facilitate taxi services, including ride sourcing, and short-term accommodation. The regime will be extended to cover all additional channels as of July 1, 2024.
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It takes a lot of time and money to launch a business, and most of that is money you've already paid tax on. So you would assume it's only right that the company repay you once it's up and operating, right?
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The usage of earn-out clauses in the context of selling a company is on the rise. The benefits and downsides that every business owner should weigh are discussed below.
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The Australian Taxation Office (ATO) updated its electric car information page on 1 April, coinciding with the start of the new Fringe Benefits Tax (FBT) year.
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The ATO has published the preliminary questions they will ask to evaluate deduction claims from those who own vacation homes out of the concern that these individuals are claiming too much.
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Starting from March 1, 2023, the Australian Taxation Office (ATO) requires individuals who work from home to maintain detailed records of their working hours.
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Starting from March 1, 2023, the Australian Taxation Office (ATO) requires individuals who work from home to maintain detailed records of their working hours.
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Starting from March 1, 2023, the Australian Taxation Office (ATO) requires individuals who work from home to maintain detailed records of their working hours.
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Starting from March 1, 2023, the Australian Taxation Office (ATO) requires individuals who work from home to maintain detailed records of their working hours.
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Starting from March 1, 2023, the Australian Taxation Office (ATO) requires individuals who work from home to maintain detailed records of their working hours.
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The ATO has made its final decision about how it will apply some integrity rules about trust distributions.
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Downsizer contributions are a great way to quickly put money into your retirement account. And since the age limit has gone down from 60 to 55, more people can use this strategy if it works for them.
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On February 21, 2023, Revenue NSW (RNSW) announced significant modifications to the surcharge purchaser duty and surcharge land tax in New South Wales.
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Employee share schemes (ESS) are a way for employers to provide shares or rights to their employees as part of their remuneration package.
2022 News
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As many investors experience a so-called ‘crypto winter’ that wiped trillions of dollars off the digital currency market since late 2021, many Australian investors are looking at whether they can claim the losses.
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During the first two years of the pandemic, the Australian tax office showed some leniency on pursuing business tax debts and allow.
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During the first two years of the pandemic, the Australian tax office showed some leniency on pursuing business tax debts and allow.
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During the first two years of the pandemic, the Australian tax office showed some leniency on pursuing business tax debts and allow.
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During the first two years of the pandemic, the Australian tax office showed some leniency on pursuing business tax debts and allow.
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One of the biggest complaints from salespeople in a tight economy is the time it takes to achieve a sale.
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Everyone knows that you don't pay tax on the family home when you sell it, right? We take a closer look at the main residence exemption.
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As the new Financial Year kicks off, here are the changes you need to be aware of as a business or personal taxpayer.
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The Australian Tax Office has contacted directors potentially in breach of certain types of debts within their companies.
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A series of reforms and changes will commence on 1 July 2022. Here's what is coming up.
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Keeping fit generally means staying healthy, but despite numerous attempts by taxpayers, a gym membership deduction.
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The Government announced in the 2022 Federal Budget that it had temporarily halved the excise and excise equivalent custom duty.
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It was one of the headline grabs of the 2022 Federal Budget: Small businesses could spend $100 and claim a $120 tax deduction.
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With Australian unemployment its lowest in more than 40 years, concerns around skills, wages, inflation and post COVID recovery.
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For more on our Federal Budget insights, please click here.
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The pandemic has created a scarcity of labour. As a result, the Government is relaxing certain work restrictions for a range of visas including eligible Student and Working.
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Admidst concerns about inflation, the Federal Budget has included some measures for skilling and training employees.
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Training, digital transformation, stronger compliance, and expanding employee share schemes were the focus points.
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Perhaps surprisingly, there were few superannuation measures in the Federal Budget beyond the extension of the minimum drawdown rates.
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Families are dealing with increasing costs at the pump, in their shopping baskets, and ricing prices in many areas of their household budgets.
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This week's ballot box friendly budget had few major surprises, with a focus on jobs, cost of living, business and cost-of-living payments.
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The Government has again extended the the temporary immediate deductions for small business.
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Two landmark cases before the High Court highlight the problem of identifying whether a worker is an independent contractor.
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The Fringe Benefits Tax (FBT) year ends on 31 March. We've outlined the hot spots for employers and employees.
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The Australian Tax Office (ATO) has released new guidance material that directly targets how trusts distribute income.
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Businesses struggling with the Omicron wave of the pandemic have been offered new grants and support in NSW, SA and WA.
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The rules for the Pandemic Leave Disaster Payment, the payment accessible to those who have lost work because they have had to self-isolate with COVID-19.
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As Australia shifts to 'living with COVID', the Federal Treasurer has announced that PCR and RAT tests will be deducible – if purchased for Work.
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The Australian Taxation Office's finalised position on the allocation of profits from professional firms starts on 1 July 2022.
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2022 is shaping up to be a year focused on inflation, cost of living, and the realities of stagnant wage growth.
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The NSW Government has announced a $1bn support package for struggling NSW small businesses.
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As the new Financial Year kicks off, here are the changes you need to be aware of as a business or personal taxpayer.
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The Australian Tax Office has long flagged gifts and loans from overseas as likely to come under scrutiny.
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The Australian Tax Office has extended its relief measures for SMSF trustees.
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The Australian Taxation Office recently updated its guidance on tax and cryptocurrency.
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Directors are now required to register for a unique identification number that they will keep for life.