The ATO is cautioning tax agents to be aware of the changes and their possible impact on clients’ returns. The changes affect both individual clients’ and companies’ 2023 tax returns. 

End of financial year is the time to prepare your business to meet various financial obligations. It’s also a great opportunity to organise, reflect, reset and make plans for your business for the next 12 months.

From July 1 there are changes for first home buyers. First home buyers will pay no stamp duty on homes worth up to $800,000, and a concessional rate for homes up $1 million, under the NSW Labor government.

The ATO has released a new fact sheet on the FBT exemption for electric cars. While the fact sheet doesn’t necessarily contain any new information, it does help to clarify some key points.

Every 6 months the Tax Practitioners Board survey tax practitioners and consumers to understand consumer motivations…

The government has announced future earnings for super balances above $3m will be taxed at 30% from 2025-26. The concessional tax rate applied to future earnings for superannuation…

Fuel tax credits provide businesses with a credit for the fuel tax (excise or customs duty) that's included in the price of fuel used in:…

Fuel tax credits provide businesses with a credit for the fuel tax (excise or customs duty) that's included in the price of fuel used in:…