by epoch | May 9, 2018 | eNews
Reward for work is a dominant theme in this year’s Budget. The seven year personal income tax plan initially targets low to middle income earners before making significant changes to the tax brackets. Innovation continues to be the Government’s mantra with the medical...
by epoch | May 2, 2018 | eNews
The family home of foreign residents and expats may be taxed if legislation before Parliament is passed by the Senate. If you are a foreign resident living in Australia or an Australian working overseas who owns residential property in Australia, this reform...
by epoch | May 2, 2018 | eNews
The Labor Party has taken a pre-election strike by promising to remove the GST on tampons if they are elected. At present, tampons and other sanitary products, like razors for shaving and nappies, are considered consumables and GST applies. Incontinence pads however,...
by epoch | May 2, 2018 | eNews
Every year, the Australian Taxation Office (ATO) compiles the tax data they collect. The recently released 2015-16 ‘tax stats’ encapsulate the data from 16 million income tax returns lodged for the 2016 income year for 13.5 million individuals, 940,000 companies, as...
by epoch | Apr 2, 2018 | eNews
From 1 July 2018, new laws come into effect allowing first home buyers to use their super to help buy a home. At the other end of the spectrum downsizers will be able to contribute proceeds from the sale of their home to super without many of the normal restrictions....
by epoch | Apr 2, 2018 | eNews
Single Touch Payroll (STP) – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – comes into effect from 1 July 2018. For employers Employers with 20 or more employees at 1 April 2018 must use standard...
