Epoch News

What will Australia look like in 40 years? We look at the key takeaways from the Intergenerational Report. The 2023 Intergenerational Report (IGR) is a crystal ball insight into what Australian society will look like in 40 years and the community's needs as we grow...

$1.7 billion paid out in fraudulent refunds, another $2.7bn in fraudulent claims stopped, around 56,000 alleged perpetrators and over 100 arrests to date. How did the TikTok tax scandal get out of control? “Everyone else got refunds, it's OK, it's just a temporary...

You've got a block of land that's perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. But, one crucial aspect has been left out; the tax implications. Many small-scale developers often assume that their tax...

What is the end game for your business? Succession is not just a topic for a TV series or billionaire families; it's about successfully transitioning your business and maximising its capital value for you, the owners.  When it comes to the generational succession...

The tax refund many Australians expect has dramatically reduced. We show you why. There is a psychology to tax refunds that successive Governments have been reticent to tamper with. As a nation, Australia relies heavily on personal and corporate income tax, with...

If your business sells food and drinks, it's important to stay on top of what attracts GST and what doesn't. Did you know the ATO regularly updates a list of foods for which GST applies? You can check out the latest tax office food list here.

Employers & business Superannuation guarantee increases to 11% from 10.5% National and Award minimum wage increases take effect. The minimum salary that must be paid to a sponsored employee - the Temporary Skilled Migration Income Threshold - increased...

The 120% skills, training, and technology costs deduction for small and medium businesses have passed Parliament. We'll show you how to take maximise your deductions. Almost a year after the 2022-23 Federal Budget announcement, the 120% tax deduction for expenditure...

The digital games and interactive entertainment sector is the most significant creative sector globally and one of the fastest-growing industries worldwide. The global digital games industry is worth around $250 billion and, in Australia, grew 22% between 2020 and...

Tax deductions for topping up super You can make up to $27,500 in concessional contributions each year, assuming your super balance has not reached its limit. Suppose the contributions made by your employer or under a salary sacrifice agreement have not reached this...