Epoch News

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...

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...

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...

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...

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...

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...

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...

I'm often asked the best way to sell a business. There are two key components at play in the sale of a business: structuring the transaction and positioning the business to the market. Both elements are critical and can significantly impact your result.  Structuring...

23:59 UTC on 20 September 2022 is the cut-off time and date to register for your .au web address. The new .au domain is a general-purpose, shorter Australian domain name option. If you do not register the .au equivalent of your existing domain, you risk someone else...

The ATO has released updated information on claiming cryptocurrency losses and gains in your tax return. The first point to understand is that gains and losses from crypto are only reported in your tax return when you dispose of it - you sell it, convert it to fiat...