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How high will interest rates go?

How high will interest rates go?

The RBA lifted the cash rate to 1.85% in early August 2022. The increase comes a few weeks after Reserve Bank Governor Philip Lowe told the Australian Strategic Business Forum that “… we’re going through a process now of steadily increasing interest rates,...
FBT-free electric cars

FBT-free electric cars

New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT-free. I explore who can access the concession and how. Electric vehicles (EV) represent just under 2% of the new car market in Australia, but it is a rapidly growing sector with...
What changed on 1 July

What changed on 1 July

A reminder of what changed on 1 July 2022 Business Superannuation guarantee increased to 10.5%$450 super guarantee threshold removed for employees aged 18 and over Lower small business GST and PAYG tax instalments. The total tax liability remains the same....
Tax time targets

Tax time targets

 The ATO has flagged four priority areas where people are making mistakes this tax season. With tax season almost upon us, the Australian Taxation Office (ATO) has revealed its four areas of focus this tax season. 1.     Record-keeping2.     Work-related...
What to expect from the new Australian Government

What to expect from the new Australian Government

The Governor-General has sworn in Australia’s thirty-first Prime Minister, Anthony Albanese. The new Government faces plenty of problems and no easy fixes. Here’s what we know so far about their policies. The economy The Government has stated that its economic...