Epoch News

The great wealth transfer from the baby boomer generation has begun, and home ownership is the catalyst. The average home price in NSW is $1,184,500, the highest in the country. Canberra is next at $948,500, followed by Victoria at $895,000, with the Northern...

The ATO is cracking down on business owners who take money or use company resources for themselves. It's common for business owners to utilise company resources for their personal use. The business is often such a part of their life that the line distinguishing 'the...

The Treasurer is promising that inflation will decline by 0.75% as a direct result of the2024-25 Federal Budget initiatives including energy relief for all households, a boost to Commonwealth Rent Assistance, and the freezing of the maximum co-payment on the...

Personal income tax cuts confirmed From1 July 2024 As previously announced, the Government has legislated permanent tax cuts for all Australian taxpayers from 1 July 2024. Relative to the previous Stage 3 plan, the redesigned cuts broaden the tax cut's benefits by...

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...

$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...

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 some kind...

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...

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...

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...