by admin | Aug 10, 2023 | Did You Know, News
The tax refund many Australians expect has dramatically reduced. We show you why. There is a psychology to tax refunds that successive Governments have been reticent to tamper with. As a nation, Australia relies heavily on personal and corporate income tax, with...
by admin | Jul 25, 2023 | Did You Know, News
The Skills and Training Boost gives you a 120% tax deduction for external training courses provided to employees. The aim of this boost is to help SMEs grow their workforce, including taking on less-skilled employees and upskilling them using external training...
by admin | Jul 25, 2023 | Did You Know, News
The 120% skills and training, and technology costs deduction for small and medium business have passed Parliament. We’ll show you how to maximise your deductions. Almost a year after the 2022-23 Federal Budget announcement, the 120% tax deduction for...
by admin | Jul 11, 2023 | Did You Know, News
For employers, incorrectly calculating wages is not portrayed as a mistake, it’s “wage theft.” Beyond the reputational issues of getting it wrong, the Fair Work Commission backs it up with fines of $9,390 per breach for a corporation. In 2021-22 alone,...
by admin | Jul 11, 2023 | Did You Know, News
Employers & business Superannuation guarantee increases to 11% from 10.5% National and Award minimum wage increases take effect. The minimum salary that must be paid to a sponsored employee – the Temporary Skilled Migration Income Threshold increased to...
by admin | May 11, 2023 | Did You Know, News
Personal income tax measures Increasing the Medicare levy low-income thresholds. The Government will increase the Medicare levy low-income thresholds for singles, families and seniors and pensioners from 1 July 2022 as follows:- The threshold for singles will be...
