by Damian | Feb 7, 2024 | Tax News
What are the changes? Reduce 19% tax rate to 16% (for incomes between $18,200 and $45,000) Reduce the 32.5% tax rate to 30% (for incomes between $45,000 and $135,000) Increase the threshold at which the 37% tax rate applies from $120,000 to $135,000 Increase the...
by Damian | Jun 7, 2023 | Tax News
The Tax year is coming to an end at the 30th June! Below is some important Tax highlights for different Taxpayers, relating to: Individuals Trusts Companies Employment Compliance Individuals Proof: When making claims for deductions related to work expenses, such as...
by Damian | Mar 7, 2023 | Tax News
Taxpayers can choose one of two methods to claim Working From Home deductions: either the “Actual Cost” or “Fixed Rate” method. Only the fixed rate method is changing. The revised fixed rate method can be used from the 2022–23 income year onwards. The changes are:...
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