June Newsletter 2023
client alert tax news | views | clues Federal Budget update Personal tax rates and offsets for 2023–2024 and beyond With no announced changes in the Federal Budget to personal tax rates and offsets for the 2023–2024 income year and beyond, now is the time to do some tax planning for the current and future … Continued
Read moreMay Newsletter 2023
client alert tax news | views | clues Is your content making you income? The ATO has warned content creators that they need to be aware of their income tax and GST obligations. Tip: Examples of content creators are individuals who write a blog, post make-up tutorials to social media or stream gaming or other … Continued
Read moreFederal Budget | May 2023
federal budget | May 2023 PERSONAL TAXATION Personal tax rates unchanged for 2023–2024 In the Budget, the Government did not announce any personal tax rates changes. The Stage 3 tax changes commence from 1 July 2024, as previously legislated. The 2023–2024 tax rates and income thresholds for residents (unchanged since 2021–2022) are: taxable income up … Continued
Read more