Keeping up with the latest in the accounting news.

Keeping up with the latest in the accounting news.

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Fuel excise & unintended consequences

Fuel excise & unintended consequences While majority of the country will enjoy the slight reprieve on cost of living thanks to the fuel excise reduction in the recent budget announcement, […]

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2022/23 Federal Budget – Other budget announcements

2022/23 Federal Budget – Other budget announcements Extending the reduction in minimum drawdowns The Government will extend the 50% reduction of superannuation minimum drawdown requirements for account-based pensions (‘ABPs’) and […]

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2022/23 Federal Budget – Changes affecting business taxpayers

2022/23 Federal Budget – Changes affecting business taxpayers Skills and training boost The Government will introduce a skills and training boost to support small and medium-sized businesses to train and […]

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2022/23 Federal Budget – Personal Income Tax Changes

2022/23 Federal Budget – Personal Income Tax Changes Increase to low and middle income tax offset (‘LMITO’) The Government has announced a once-off $420 ‘cost of living tax offset’ for […]

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SA COVID-19 Economic Support Measures

COVID-19 Business Support Grant – 20 July 2021 The Federal Government may declare these otherwise assessable grants to be tax-free Questions regarding the Business Support Grant can be sent to […]

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QLD COVID-19 Economic Support Measures

2021 COVID-19 Business Support Grants The Federal Government may declare these otherwise assessable grants to be tax-free. More information is available on the Business Queensland website Applications open mid-August 21 […]

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WA COVID-19 Economic Support Measures

Small Business Lockdown Assistance Grant: Round 2 The Federal Government may declare these otherwise assessable grants to be tax-free. Applications close at 11.59pm on 31 August 2021 Summary of Government […]

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NT COVID-19 Economic Support Measures

NT COVID-19 Economic Support Measures The NT Government has a number of COVID-19 economic support measures. The Federal Government may declare any otherwise assessable grants included in these packages to […]

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NSW COVID-19 Economic Support Measures

NSW 2021 COVID-19 business grant Administered by Service NSW with the full eligibility criteria found via this link: service.nsw.gov.au It is assumed that the Federal Government will declare these grants […]

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VIC COVID-19 Economic Support Measures

Business Costs Assistance Program Round Three (‘BCAP3’) These payments will generally be tax-free. Further information and Frequently Asked Questions(‘FAQs’) on BCAP3 can be found on the Business Victoria website. Summary […]

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