Tax
Happy new financial year! Make tax efficiency your top priority
24 July
As the new financial year begins, it’s the perfect time to reassess your financial strategies and ensure you’re making the most of tax efficiency. Whether you’re a salaried worker, business owner, retiree, or investor, tax efficiency can...[Read More]
Heavy-hitter urges return of ‘world’s best’ carbon tax
23 July
Australia needs to bring back a carbon tax and should never have dumped the measure, an economic heavyweight says. Ex-Treasury secretary Ken Henry, now a leading environmental advocate, derided the Abbott-led coalition government’s decision to...[Read More]
Steps to building an emergency fund
17 July
Life is unpredictable, and financial surprises can arise when you least expect them. This is where an emergency fund comes in. This financial safety net is designed to cover unexpected expenses, like car repairs or medical bills, or provide support...[Read More]
Big bank’s tax vision bucks business lobby, coalition
16 July
Superannuation concession limits and a wealth tax could unlock national economic productivity, Australia’s largest bank says, but others call them a “war on aspiration”. Many have been some surprised and some incensed by the Commonwealth...[Read More]
WHO urges higher taxes on sugary drinks and alcohol
16 July
The World Health Organisation is pushing countries to raise the prices of sugary drinks, alcohol and tobacco by 50 per cent over the next 10 years through taxation. The United Nations health agency said the move would help cut consumption of the...[Read More]
Older Aussies back increased superannuation tax
9 July
Most older Australians support increasing taxes on high superannuation balances. The federal government is controversially hoping to lift taxes on super balances above $3 million from 15 per cent to 30 per cent in a move predicted to impact about...[Read More]
PM puts lid on GST hikes, pledges boost for business
9 July
The prime minister has trimmed expectations Australia’s goods and services tax could be raised as part of a suite of changes that includes lower income taxes. While he did not want to rule any policy changes in or out of the government’s...[Read More]
Australians warned to not jump the gun on tax return
2 July
Australians are being warned to exercise patience when lodging their tax returns and be wary of tax-time loans this end of financial year. Some 142,000 people had amendments or their returns investigated by the tax office in 2024 after jumping the...[Read More]
Nest eggs on the boil as super guarantee cracks open
2 July
Workers will receive a boost to retirement contributions as a long-awaited lift to the superannuation guarantee kicks in, but further increases are unlikely any time soon. The rate of super employers are required to pay employees increased from 11.5...[Read More]
War of words over GST carve-up as states butt heads
2 July
A war of words has erupted over the carve-up of GST as one state condemns accusations it was awarded more to reimburse failed COVID-19 policies. Queensland Treasurer David Janetzki accused his southern counterparts of receiving $800 million out of...[Read More]
Tips for small business success, starting the new financial year with intent
26 June
The beginning of a new financial year is the perfect opportunity for small business owners to reset, refocus, and plan for sustainable growth. It’s a time to take stock of your performance, identify opportunities for improvement, and ensure your...[Read More]
Starting the new financial year with intent: Tips for individuals and families
26 June
A new financial year presents the perfect opportunity to take stock, reset, and plan with purpose. Much like a new calendar year inspires resolutions, July 1 offers a financial “fresh start” to review your goals, refine your spending, and make...[Read More]
Top 5 tried-and-tested tax planning strategies for small businesses
19 June
Every dollar counts in business, especially for small enterprises. Therefore, you need to find ways to minimise your tax liability in addition to optimising income or profit. With a small business tax planning strategy, you can increase profits...[Read More]
Treasurer throws down gauntlet for ‘crucial’ tax reform
18 June
The groundwork has been laid for Australia’s most substantive attempt at tax reform in more than two decades as the treasurer promises to “grasp the nettle” on the thorny issue. Outlining his government’s economic agenda for its second term...[Read More]
Hitting the brakes on EV, hybrid help could slow cuts
18 June
Australia risks stalling efforts to cut transport emissions if it does not reintroduce tax breaks and incentives for the purchase of electric and hybrid vehicles. The Australian Finance Industry Association issued the warning on Monday with its EV...[Read More]