PM delivers big pitch on tax cuts as crucial vote nears

15 February

Anthony Albanese has laid out his pitch for revamped income tax cuts as the changes reach a major hurdle. The prime minister told parliament the tax changes would not leave people behind, saying the measures represented meaningful change. “We want...[Read More]

Stamp duty costs climb as home buyers struggle to save

15 February

Saving for a house deposit is hard enough but it turns out other associated costs are soaring too, making home ownership more elusive. States and territories charge buyers stamp duty on most property purchases. The tax is up to six times more...[Read More]

Tax cuts all but assured as coalition backs changes

8 February

Low and middle income earners have been guaranteed extra relief, with bipartisan support secured for changes to income tax cuts. Opposition Leader Peter Dutton said he would not stand in the way of those doing it tough and in need of tax...[Read More]

Almost two in three voters back tax changes, poll shows

8 February

Voters have voiced approval for looming changes to tax cuts, but federal politicians are doing their best to play down the polling. Almost two in three people surveyed by Newspoll said the prime minister made the right decision to amend stage three...[Read More]

Tax changes spark calls for complete system redesign

1 February

The federal MP representing Australia’s wealthiest electorate has called for a wider overhaul of the taxation system than the planned stage three tax cuts. “Tax reform is too important an issue to be ignored,” independent MP Allegra Spender,...[Read More]

Treasurer ‘not considering’ changes to negative gearing

1 February

Australians have been assured there will be no tinkering with tax breaks for real estate investors following an unexpected rework of the stage three cuts. With the federal government gearing up to take its rejigged tax package on a national...[Read More]

Middle Australia focus of tax overhaul

25 January

Middle Australia will be the focus of an income tax overhaul, Prime Minister Anthony Albanese has confirmed. Mr Albanese said he will take the proposed changes to a Labor caucus meeting on Wednesday and provide details at the National Press Club on...[Read More]

Property investor tax breaks blamed for housing crisis

24 January

Affordable housing has moved beyond many Australians’ reach because the government is subsidising the private market instead of building social housing, a new report has found. Everybody’s Home Written Off report shows the federal budget is...[Read More]

PM confirms contentious stage three tax cuts to stay

18 January

Controversial tax cuts providing greater relief for high-earning Australians will remain in place, the prime minister has vowed. Anthony Albanese said stage three tax cuts will still go ahead and come into effect on July 1. The tax cuts will create...[Read More]

Tips to grow your superannuation

11 January

Retirement is a period most people eagerly anticipate. It’s that wonderful stage of life when you can finally unwind and spend your time as you please. You can even spend retirement focusing on the businesses you’ve been planning and have put...[Read More]

Deductible Gift Recipient (DGR) Registers Reform – new law coming into effect

3 January

The ATO will administer and oversee Deductible Gift Recipient (DGR) endorsement for 4 unique DGR categories.   From 1 January 2024, the Deductible Gift Recipient (DGR) Registers Reform new law comes into effect, transferring administrative...[Read More]

The top 5 advantages of home ownership

28 December

Your decision to purchase a new house is a significant life event, and the thought of becoming a homeowner might be a little intimidating. However, homeownership brings with it several advantages, including the freedom to design your home as you...[Read More]

When should you enter into a payment plan if you have a tax bill?

27 December

If you’re experiencing financial difficulties, you may be eligible to set up a payment plan. If you receive a tax bill, you need to pay in full and on time to avoid general interest charges (GIC). However, if you’re experiencing financial...[Read More]

Cars will need to be twice as green to avoid luxury tax

13 December

Motorists will have to choose cars that use half as much fuel to avoid a vehicle tax in future after changes in a federal budget update. The Luxury Car Tax reforms, announced in the government’s mid-year budget on Wednesday, will mean only...[Read More]

Taxpayers cop fines after using unregistered tax agent

13 December

An unregistered tax accountant exposed her clients to fines and unexpected tax bills after unlawfully lodging hundreds of returns filled with dodgy deductions. Perth-based Jessa Van Stroe, who is also known as Jessa Layola, was not registered with...[Read More]