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News articles.

Uber v Taxis

On Friday 5 July 2019, the Government’s key component of its election platform, the Personal Income Tax Plan, became law providing further personal tax cuts from 2019.
This article examines the hip pocket impact of the tax cuts on individual taxpayers at different income levels.

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The new personal tax cuts

On Friday 5 July 2019, the Government’s key component of its election platform, the Personal Income Tax Plan, became law providing further personal tax cuts from 2019.
This article examines the hip pocket impact of the tax cuts on individual taxpayers at different income levels.

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STP myth-busting

  Starting to report through STP We are now at the pointy end of implementing STP reporting which has applied to substantial employers (20 or more employees as at 1 April 2018) since 1 July 2018 but has been expanded to include small employers (19 or...

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New instant asset write-off

Background Small business entities (SBEs) may choose to apply the simplified depreciation provisions and calculate deductions for the decline in value of their depreciating assets under Subdiv 328-D of the ITAA 1997 instead of Div 40. This requires them to:...

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Labor’s tax and superannuation policies

Note: This blog article was edited on 17/04/19 to include recent developments. Timing of election This year, Australian voters will elect members of the 46th Parliament. According to s. 28 of the Commonwealth of Australia Constitution Act, an election for...

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MYEFO 2018–2019

On 17 December 2018, the Government released the Mid-Year Economic and Fiscal Outlook 2018–19 (MYEFO). The MYEFO provides updated information on the Government’s fiscal position and includes policy decisions taken since the 2018–19 Federal Budget was handed...

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2018 Year-end Parliamentary wrap-up

That's a wrap! Now that the Federal Parliament has risen for the summer break, this is an opportune time to take stock of the key outstanding tax and superannuation measures. According to the draft Parliamentary sittings for 2019, Parliament is scheduled to...

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Some movement on Div 7A … at last!

Some movement on Div 7A … at last! On 22 October 2018, the Treasury released a consultation paper titled Targeted amendments to the Division 7A integrity rules. The paper sets out the Government’s proposed implementation of the amendments to improve the...

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