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Stage 3 Tax Cuts Come Into Effect 1 July 2024
Stage 3 Tax Cuts Come Into Effect 1 July 2024 With the amended "Stage 3" tax cuts scheduled to commence on 1 July 2024, it's crucial to bear in mind the revised tax brackets and thresholds during the tax planning process for this year as well. These...
Know Your Super: A Critical Guide To The EOFY
Know Your Super: A Critical Guide To The EOFY National Employment Standards Update From 1 January 2024, the NES included a right to superannuation contributions. This means that most employees covered by the NES can take court action under the Fair Work Act to...
Take Your Time: Getting Your Return Right
Take Your Time: Getting Your Return Right Did you know that if you lodge your tax return in early July, your tax return’s chances of being flagged as incorrect by the ATO are doubled? While it might be tempting to hit submit immediately on 1 July 2024, making sure...
The Instant Asset Write-Off Re-Explained
The Instant Asset Write-Off Re-Explained With the latest Budget announcement, the Instant Asset Write-Off extends into another financial year, offering continued benefits for small businesses. Businesses with an aggregated turnover of less than $10 million can...