THE BUDGET 2026: Key Tax & Investment Changes Explained
THE BUDGET This year’s budget included the most significant tax changes since 2000, when GST was introduced. The most significant changes are to negative gearing on residential rental properties and discretionary trusts. We have summarised some of these changes: Key Business Measures Individual Tax Measures Capital Gains Property and Investment Changes Trust Tax Changes What […]
Workers Compensation Insurance
CGU has been involved in the Victorian Workers Compensation scheme for more than 30 years. On 30 June 2021 their contract with WorkSafe Victoria ends.
Payroll Tax Exclusion for Contractors
Revenue ruling PTA-021v2 has been published following public consultation. It deals with the payroll tax exclusion for contractors who ordinarily provide services to the public and addresses these issues:
• Certain contractors are deemed to be employees, and payments to them are deemed to be taxable wages.
• Certain contractors are not deemed to be employees and payments to them are not deemed to be taxable wages if the Commissioner of State Revenue is satisfied that the contractors ordinarily perform services of the same kind to the public generally in the relevant financial year.
Going Cashless
As the easing of restrictions is finally underway, the return to normality has left us asking, will life as we knew it ever return?
Moving Forward – Where Is The Economy Heading?
Federal and state governments have been remarkably generous in their financial packages. At some point we will have to repay the debt.
Superannuation Guarantee Amnesty
The government introduced a superannuation guarantee amnesty. The amnesty allows employers to disclose and pay previously unpaid super guarantee charge without penalties
Economic Stimulus Package
03 9417 3511 enquiries@respl.com.au Level 1/1G Marine Parade Abbotsford 3067 Vic Facebook Linkedin Instagram Suttie Financial Group About Accounting & Tax Financial Planning Finance Broking SMSF Contact Us Chilli Bookkeeping News Careers with Suttie Financial Group ECONOMIC STIMULUS PACKAGE The Morrison Government has today announced a $17.6 billion economic plan to keep Australians in jobs, […]
STP & End of Financial Year Changes
Single Touch Payroll (STP) has changed how your employer clients provide, and your employee clients access, end of financial year information.
Entertaining a Client – Is It Tax Deductible?
Wining and dining clients: Is it tax deductible.