Finally bringing down the knife: the Federal Government released a proposal to realign and redistribute personal income tax cuts legislation, to commence on 1 July 2024, for the 2025 financial return year.
Australians have been waiting…
The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners who incorrectly report income and expenses.
The ATO’s assessment, based on previous data matching programs, is that there is a tax gap of…
In a pre-Budget announcement, the Government has committed to a Small Business Energy Incentive Scheme that offers a bonus tax deduction of up to $20,000.
The Small Business Energy Incentive encourages small and medium businesses with…
https://www.optimisedaccounting.com.au/wp-content/uploads/2023/06/InstaEnergy_01_Small.jpg890900adminhttps://www.optimisedaccounting.com.au/wp-content/uploads/2017/08/OA-website-logo.pngadmin2023-06-20 08:38:042023-06-15 13:31:41$20k Small Business Energy Incentive
In September, amid a climate of startling interest rates, UK Chancellor Kwasi Kwarteng announced a series of tax cuts, including the reduction of the top personal income tax rate that applies to those earning more than £150,000 from 45%…
https://www.optimisedaccounting.com.au/wp-content/uploads/2022/10/scissors-square.png440439adminhttps://www.optimisedaccounting.com.au/wp-content/uploads/2017/08/OA-website-logo.pngadmin2022-10-13 13:55:452023-06-05 09:28:04To cut or not to cut? Stage three personal tax cuts
Anthony Albanese has been sworn in as Australia’s 31st Prime Minister and a Government formed. We look at what we know so far about the policies of the new Government in an environment with plenty of problems and no easy fixes.
https://www.optimisedaccounting.com.au/wp-content/uploads/2022/06/Screen-Shot-2022-06-16-at-10.03.11-am.png713951adminhttps://www.optimisedaccounting.com.au/wp-content/uploads/2017/08/OA-website-logo.pngadmin2022-06-16 10:04:562023-06-05 09:35:49What to expect from the new Government
It’s a great headline isn’t it? Spend $100 and get a $120 tax deduction. Days after the Federal Budget announcement that businesses will be able to claim a 120% deduction for expenditure on training and technology costs, we started receiving…
https://www.optimisedaccounting.com.au/wp-content/uploads/2022/05/Screen-Shot-2022-05-10-at-12.54.40-pm.png713881adminhttps://www.optimisedaccounting.com.au/wp-content/uploads/2017/08/OA-website-logo.pngadmin2022-05-10 12:55:312023-06-05 10:07:50The 120% deduction for skills training and technology costs
From 1 July 2020, parents accessing the Government’s parental leave pay (PPL) scheme will have greater flexibility and options.
Targeting the self-employed and small business owners, the changes introduce a new flexible paid parental…
https://www.optimisedaccounting.com.au/wp-content/uploads/2020/07/parental-leave-tile.png700700adminhttps://www.optimisedaccounting.com.au/wp-content/uploads/2017/08/OA-website-logo.pngadmin2020-07-02 15:05:592020-07-06 12:16:57Increased flexibility for Parental Leave for self employed
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