by Mark Cusack | Oct 26, 2022 | eNews
There is nothing in this Budget that would create a UK style crisis. The stage 3 tax cuts legislated to commence on 1 July 2024 are not mentioned, and most funding initiatives appear to be a reallocation of previous Government initiatives. And, the commodity driven...
by Mark Cusack | Oct 26, 2022 | eNews
Change to taxation of off-market share buy-backs by listed companies From7:30pm AEDT, 25 October 2022 From Budget night, 7:30pm AEDT, 25 October 2022, the Government intends to align the tax treatment of off-market share buy-backs undertaken by listed public companies...
by Mark Cusack | Oct 26, 2022 | eNews
Child Care Subsidy increase From2022-23 As previously announced, the maximum Child Care Subsidy (CCS) rate will increase from 85% to 90% for families earning less than $80,000. Subsidy rates will then taper down one percentage point for each additional $5,000 in...
by Mark Cusack | Oct 26, 2022 | eNews
Removed Self-assessment of intangible assets Announced in the 2021-22 Budget and due to commence on 1 July 2023, the measure enabling taxpayers to self-assess the effective life of certain intangible assets, rather than being required to use the effective life...
by Mark Cusack | Oct 14, 2022 | eNews
Queensland has backed down on its previously announced Australia-wide land tax assessment. The State Government reversed course on an amendment that would have seen the land tax rate for investment property in Queensland assessed on the value of the investor’s...
