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Banter blog.

The latest tax news & updates.

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.

read more

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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Progress of bills pre-Budget

Accompanying podcast Note that our accompanying Tax Yak podcast episode 14 titled Parliamentary status of bills pre-Budget discusses all of these measures. Background As we move closer to a Federal Election (expected on either 11 or 18 May 2019), there are...

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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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