by jlian | Feb 9, 2018 | Features
With national unemployment rates hovering at 5.6 per cent, and jobs growing at an annual rate of 2 per cent, you’d be forgiven for thinking the employment market in Australia is looking robust. However, while employment is on the up, low wage growth has tempered the...
by jlian | Feb 9, 2018 | News
Exposure draft legislation for the transparency of business tax debts was released last month, aiming to allow the ATO to disclose business tax debts to credit reporting bureaus where the businesses have not effectively engaged with the tax office to manage their...
by jlian | Feb 7, 2018 | News
New legislation released today amends the GST law so that from 1 July 2018, purchasers will withhold the GST on the purchase price of new residential premises and new residential subdivisions, and remit the GST directly to the ATO as part of settlement. According to...
by jlian | Feb 6, 2018 | News
Currently, the corporate tax rate for businesses under $50 million is set to drop to 25 per cent by 2026-27, but Mr Morrison has made it clear that the government will push for a tax cut for businesses above the threshold. “I don’t think a business that has 60...
by jlian | Feb 5, 2018 | News
While fuel tax credit rates are indexed twice a year, on 1 February and 1 August, in line with the consumer price index (CPI), the Australian Bureau of Statistics’ late release of the December 2017 CPI has caused the fuel tax credit rate to be pushed back to 5...
