Federal 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 moreApril Newsletter 2023
client alert tax news | views | clues Cheaper child care on the horizon Families struggling with the current cost of living crisis could soon have some relief with cheaper child care coming mid-year. The recently passed child care subsidy reforms were a component of Labor’s election platform, with a promise to make early childhood … Continued
Read moreMarch Newsletter 2023
client alert tax news | views | clues Working from home expenses: new fixed rate A new revised fixed-rate method for calculating working from home expenses will soon apply. From 1 July 2022, employees who work from home can no longer use the 80 cents per hour “shortcut” method for claiming their related expenses. The … Continued
Read more