by epoch | May 10, 2023 | eNews
The ‘ace in the hole’ of the 2023-24 Federal Budget was the $4.2bn surplus; the first in 15 years. The surplus was driven by a surge in the corporate and individual tax take. High commodity prices, inflation, and high employment have all pushed up corporate and...
by epoch | May 10, 2023 | eNews
Clarifying the non-arms length income rules for super funds The non-arms length income (NALI) rules prevent superannuation trustees artificially increasing the balance of the fund, and accessing preferential tax treatment on the higher amount, by failing to recognise...
by epoch | May 10, 2023 | eNews
Energy price plan relief FromJuly 2023 $1.5bn has been provided over 5 years to provide targeted energy bill relief and progressing gas market reform. The Energy Bill Relief Fund will provide targeted energy bill relief to eligible households and small business...
by epoch | May 10, 2023 | eNews
$20,000 small business instant asset write-off From1 July 2023 to 30 June 2024 Small businesses, with an aggregated turnover of less than $10 million, will be able to immediately deduct the full cost of eligible depreciating assets costing less than $20,000 that are...
by epoch | May 3, 2023 | eNews
From 1 July 2023, access to the Government’s Home Guarantee Scheme will be expanded to joint applications from “friends, siblings, and other family members” and those who have not owned a home for at least ten years. The eligibility...
