June 2025 Newsletter
client alert tax news | views | clues Tax and your child’s money: what parents need to know As a parent or guardian, it’s essential to understand how tax applies to your child’s money. If your child has a savings account or receives other income, you need to know how to help them manage their … Continued
Read moreMay 2025 Newsletter
client alert tax news | views | clues Upskilling? You may be able to claim your self-education expenses If you’ve thought about upskilling or undertaking professional development this year, you may be able to claim some of your self-education expenses in your 2024–2025 income tax return. You incur self-education expenses when you: • take courses … Continued
Read moreFederal Budget – March 2025
Federal Budget – March 2025 PERSONAL TAXATION Personal tax rates cut from 1 July 2026 and 2027 The Government has proposed to cut the personal income tax rate for the income threshold ($18,200 to $45,000) from 16% to 15% (from 1 July 2026) and 14% (from 1 July 2027). Under the proposed changes, every Australian taxpayer will … Continued
Read more