The 2026-27 Federal Budget Report is now available: BUDGET 2026-27: AT A GLANCE OUR TEAM INDIVIDUALS AND FAMILIES A NEW TAX OFFSET $1,000 INSTANT TAX DEDUCTION FOR WORKERS INCOME TAX CUTS MEDICARE LEVY THRESHOLDS INCREASED INVESTORS LIMITS ON NEGATIVE GEARING CGT DISCOUNT AND PRE-CGT EXEMPTION REPLACED BY INDEXATION AND MINIMUM TAX RATE MINIMUM TAX ON […]
Gazette notice: Commissioner of Taxation Notice of a lifestyle assets data-matching program 26 August 2024 The Australian Taxation Office (ATO) will acquire lifestyle assets data from insurance providers for 2023-24 through to 2025-26. Insurance policy data will be collected for the following classes of assets, where the asset value is equal to or exceeds the […]
State revenue authorities are requesting increasingly detailed information about contractor arrangements as part of payroll tax audits, a law firm warns. Businesses need to ensure they are keeping ongoing records and evidence about contractor relationships with revenue authorities “drilling down into the details” of these arrangements during reviews, Cooper Grace Ward Lawyers has cautioned. Cooper […]
Rede Accountants May 2024 – Budget 2024-25 This Newsletter Key measures include: Previously announced Stage 3 tax cuts $300 energy bill relief for all Australian households and $325 for eligible small businesses – applied as an automatic quarterly credit. Student HELP debts will be cut by changing the way indexation is calculated. From 1 June […]
Rede Accountants May 2023 – ‘Ace in the Hole’ Budget 2023-24 This Newsletter covers : ‘Ace in the Hole’ Budget 2023-24 What wasn’t in the Budget? The team Individuals & families Superannuation & investors Business & employers Government & regulators Other The economy Timeline of initiatives View our newsletter Newsletter PDF. Take Care Col, Ken […]
Latest News – Budget 2022 There is nothing in this Budget that would create a UK style crisis. The stage 3 tax cuts legislated to commence on 1 July 2024 are not mentioned, and most funding initiatives appear to be a reallocation of previous Government initiatives. And, the commodity driven $54.4 billion improvement in tax […]
Most business proprietors have business goals and aims in their mind. However few prepare formal written and documented budgets of these goals and aims that can be used effectively in driving their business forward. There is an old saying that cash is king in business. Without cash flow there will soon be no business. The […]
BUYING A BUSINESS You have made the big decision. I am going to buy my own business in a certain industry that I am confident I have the skill set to be successful. What should you consider? Financial trading and cash flow trends and history. You should obtain at least 3 years of trading figures. […]
CAPITAL GAINS TAX AND SELLING A BUSINESS John (a hypothetical sole trader) has just sold his business for a large profit. The tax man is waiting for his share. Yes, gains resulting from the sale of businesses are subject to capital gains tax (subject to owning the business before 19 September 1985). HOW ARE CAPITAL […]
With the growing popularity of cryptocurrency over the past year, it seems like everybody has had it brought up to them in one way or another. The exponential increase of prices throughout a large majority of tokens has gained the attention of many, with most quite eager to get involved. Due to the increasing digitalization […]
COL WILSON B.COM, FCPA, REG'D TAX AGENT
KEN LUDEKE FCPA, REG'D TAX AGENT
Annette Pleavin B.BUS, CPASuite 1004, Level 10 "The Rocket" 203 Robina Town Centre Drive Robina QLD 4226
Tel: 1300 399 599
Rede Accountants is a CPA Business
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