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On Tuesday, 29 March 2022, Treasurer Josh Frydenberg handed down the 2022-23 Federal Budget. The Treasurer announced a range of cost-of-living measures, here are a few of our highlights.   Deductibility of COVID-19 tests The government announced on 7 February...

Our friends at CPA Australia have provided a comprehensive summary of the 2022-23 Australian Federal Budget. Please click the link below to read the publication. CPA Australia Federal Budget Summary  

On 16 December the Queensland Government announced amendments to land tax. The amendments relate to how land tax is calculated. This may apply to you if you own, or have an interest/share in, property in Queensland an in another Australian state or territory. The aim...

Scam Awareness week took place between the 08-12 November 2021 to encourage everyone to start a conversation about scams to reduce stigma and help people recognize a scam sooner, or prevent it from happening in the first place. According to the ACCC Scamwatch, scams...

Effective 1 July 2021, Capital Gains Tax (CGT) will not apply to eligible granny flat arrangements. The CGT exemption requires: The owner/s of the property to be individuals; Eligible person/s to have eligible granny flat interest/s in the property; and A written and...

Extraordinary Disaster Assistance Recovery Grants - South East Queensland Rainfall and Flooding Businesses - Grants of up to $50,000 are available for affected small businesses following the South East Queensland Rainfall and Flooding to hire or purchase equipment and...

There have been a number of fiscal initiatives aimed at enhancing the economic climate, boosting investment and personal wealth. We look at some of these initiatives below:   First Home Super Saver Scheme – from 1 July 2022, eligible individuals will be able to...

Due to frequent COVID lockdown’s, the ATO has confirmed the extension of the work-from-home shortcut method until the end of June 2022. This means you are still able to claim 80 cents for every hour you worked from home. When claiming this shortcut method, you cannot...