Category Archives: News

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Uber vs Taxis

While Uber services are being more and more popular in our life, the tax issues related to Uber services have also raised people attention. There are doubts about the GST treatment for service providers and the FBT treatment for employers. This article will discuss related tax policies, issues and what are the treatment for each […]

The Government’s income tax cuts have been passed by the Senate – How much we can save?

Senate crossbenchers Jacqui Lambie and the Centre Alliance confirmed their support on Thursday morning, clearing the path for the new laws, which independent Cory Bernardi has long supported. This year: Modest cuts for most Australians Modest tax cuts are available to millions of Australians almost immediately. People earning between about $21,000 and up to $126,000 in […]

Increasing and Extending the Instant Asset Write-Off

  On 6 April 2019, the Treasury Laws Amendment (Increasing and Extending the Instant Asset Write-Off) Bill 2019 (the Act) received Royal Assent as Act No. 51 of 2019.   The Bill was originally introduced proposed to give effect to the Government’s announcement of 29 January 2019 that: the instant asset write-off for small business […]

Individual Rates of Tax – 2018/19

Resident Individual Non-resident Individual Low-income Thresholds – Individual Low-income Thresholds – Families Medicare Levy Surcharge Dependent (Invalid and Carer) Tax Offsets Note, the ATO generally refers to this offset as the Invalid and Invalid Carer Tax Offset to avoid the impression that it may be claimed in respect of any dependant of a taxpayer. Notionally Retained Dependent […]