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...
by Mark Cusack | Oct 14, 2022 | eNews
In September, amid a climate of startling interest rates, UK Chancellor Kwasi Kwarteng announced a series of tax cuts, including reducing the top personal income tax rate that applies to those earning more than £150,000 from 45% to 40%. Just ten days later, following...
by Mark Cusack | Sep 13, 2022 | eNews
The Government has reinvigorated the 120% skills training and technology costs deduction for small and medium businesses. Before the federal election, the 2022-23 Budget proposed a 120% tax deduction for expenditure by small and medium businesses on technology or...
