Blog tagged as Government Updates

Announced in the 2024 Federal Budget as an integrity measure, are changes to the foreign resident CGT regime that will ensure foreign residents pay their fair share of tax.

The Energy Bill Relief Fund takes effect from 1 July 2025. Find out the eligibility criteria for your small business and how large your rebate might be.

It could become mandatory for Aussie businesses to accept cash payment for some essential items. What would the impact be for your business?

If you’re fed up with paying surcharges on your customers’ debit card payments, there’s good news. The Government is proposing banning these surcharges from January 2026.

The period to revise income tax returns for small and medium businesses has been extended from 2 years to 4 years.

Given the high risk of payroll tax audits across the medical and allied health industry, organisations must understand and adapt to the changing payroll tax landscape.

It’s now a criminal offense to intentionally underpay your employees. Here’s the lowdown on the new Voluntary Small Business Wage Compliance Code and what it means for your business.

The Government has just announced increased tax relief for alcohol manufacturers, as of July 2026. We’ve summarized what this extended relief means for your brewery or wine company.

After securing a second term victory in the 2025 Federal election, the Labor government will be extending the $20,000 instant asset write-off for small businesses by 12 months, as proposed in their election campaign.

Tax deduction for ATO interest charged in relation to overdue tax debts and shortfall tax will no longer be deductible from 1 July 2025.

The newly re-elected Albanese Labor Government aims to simplify claiming work-related tax deductions and provide cost-of-living relief by introducing a $1,000 instant tax deduction from 2026-27 income year.

The ATO will have additional time to notify a taxpayer if it intends to retain a business activity statement refund for further investigation.

Australian Labor party (ALP) will form the government for a second consecutive term after winning the Federal election with majority seats. We have summarised for you, all tax measures proposed by the ALP throughout their federal election campaign.

The Labor Government has announced changes to personal tax rates that will provide a tax cut for every Australian taxpayer commencing from 1 July 2024.

The Productivity Commission released a draft report reviewing philanthropic giving in Australia and recommending various reforms

The ATO has finalised determinations under s 396-55(b)(2) and s 396-70(4) of the Tax Administration Act 1935 on reporting exemptions and exclusions for sharing economy platform operators.

Given the high risk of payroll tax audits across the medical and allied health industry, organisations must understand and adapt to the changing payroll tax landscape.

If your medical practice pays contractors, you could be caught by tax laws that deem some contractor payments the same as wages. Talk to us today for guidance on what to include and exclude so you don't get surprised by a state payroll tax audit.

The ATO released draft TR 2023/D2 which provides guidance on whether an asset that is made up of a number of parts or components (composite item) is itself a depreciating asset, or whether one or more of its components are separate depreciating assets.

Aiming to provide better retirement outcomes for employees, from 1 July 2026, employers will be required to pay their employees super at the same time as their salary and wages.