With little more than two weeks to go until the end of financial year,you have no time to lose to slash your bill.
Keeping your affairs tax compliant can be a tangle,especially once you’re retired.
Cuts to permanent migration would ease rental pressures slightly over 10 years,but it would have a large impact on government revenue.
In a few weeks,everybody will have a fatter pay packet because the tax rates are changing. Smart money managers will put the extra to good use.
High-income earners are using trusts and self-employment to bring their “official” income down to avoid higher tax on their superannuation.
If you’re someone who has historically been lax with record keeping,you can expect an audit from the Tax Office’s new AI-powered systems.
The head of Treasury says while soft consumer spending will lead to subdued economic growth,household budgets will fare better in the second half of the year.
The head of the federal Treasury,Steven Kennedy,says bracket creep has been a helpful stabilising force over the past three years.
Luci Ellis,Westpac’s chief economist,says there’s a big case for increasing tax thresholds each year. Without end,taxes will keep rising forever.
It is time for Jim Chalmers to rise to the challenge and outline a reform vision.
Tax cuts,worth on average $1888,and a further round of cost-of-living measures will be at the heart of Jim Chalmers’ third budget.