Personal income tax cuts could boost economy

A large proportion of any cut in personal income tax — especially if the cuts were skewed towards lower and middle-income households with a higher propensity to spend — would likely provide a greater direct stimulus to the Australian economy than an equivalent cut in company tax.

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Ageing – Tax Reform News

Govt backbencher wants broad tax reform due to our ageing population 1:39pm Apr 9, 2018 from 9news.com.au A Turnbull government backbencher has joined calls for major tax reform with the country facing an ageing population. Liberal MP Tim Wilson believes there needs...

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Private use of exempt motor vehicles for FBT

Eligible Motor Vehicles by Employees The ATO have released a draft practical guideline on the private use of eligible motor vehicles by employees. Where private use of these vehicles by your employees is limited, some fringe benefits tax (FBT) car-related exemptions...

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Tax tips for Airbnb hosts

Airbnb is one of the most popular ways of making an income on the side. But what Airbnb tax impacts should you look out for? Airbnb offers a great opportunity to rent out that spare room without the long-term commitment. Or, it’s a handy way to lease a holiday home...

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Tax Update 2017

The key announcements from the 2017 Federal Budget that may have an impact for year-end tax planning include: Removal of the main residence exemption for non-residents and temporary residents for properties purchased after Budget night An annual levy of at least...

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Tax Update 2015

The May 2015 Federal Budge contained a number of announcements involving the taxation of small business. A small business has an individual or aggregated turnover less than $2M. Listed below is a summary of the main changes. Tax Cuts Companies From 1 July 2015, the...

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