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Federal budget 2024-25: Superannuation

Federal budget 2024-25: Superannuation

Expanding the CGT regime for foreign residents DateCGT events commencing on or after 1 July 2025 The foreign resident capital gains tax (CGT) regime will be expanded by: Clarifying and broadening the types of assets on which foreign residents are subject to CGT...
Federal Budget 2024-25: For business

Federal Budget 2024-25: For business

$325 energy relief for small business Date1 July 2024 Around one million small businesses will receive $325 off their energy bills over 2024–25. The support will apply as an automatic quarterly credit to energy bills. Energy relief will also be provided to households...
Non-compete clauses and worker restraints under review

Non-compete clauses and worker restraints under review

A new issues paper from Treasury’s Competition Review questions whether non-competes and other restraints limit job opportunities and movement.  A recent Australian Bureau of Statistics (ABS) survey found that 46.9% of businesses surveyed used...
How much is my business worth?

How much is my business worth?

For many small business owners, their business is their largest asset and, for many, one that is expected to help fund their retirement. But what is your business really worth, and what sets a high-value business apart? Every business owner is naturally curious about...
Looking ahead to Budget 2024-25

Looking ahead to Budget 2024-25

The 2024-25 Federal Budget is the third for the Albanese Government, and consistent with previous years, commentators expect the primary themes to be the cost of living and the economic shift to net zero.  According to election guru Antony Green, the window for...
The ATO Debt Dilemma

The ATO Debt Dilemma

Late last year, the Australian Taxation Office (ATO) advised thousands of taxpayers and their agents they had an outstanding historical tax debt. The only problem is that many did not know the tax debt existed. The ATO can only release a taxpayer from a tax debt in...