Federal Budget

November 2, 2020

Published by MC Tax Advisors at November 2, 2020

Tax Bulletin – October 2020

Several Federal Budget measures have quickly passed through Parliament, including the temporary full expensing and loss carry back rules. Consultation for the JobMaker rules has been released, and recent cases include an interesting GST decision on the subdivision of land by a company. FEDERAL BUDGET UPDATES Treasury Laws Amendment (A Tax Plan for the COVID-19 Economic Recovery) Bill 2020 has […]

October 6, 2020

Published by MC Tax Advisors at October 6, 2020

FEDERAL BUDGET 2020/21 – SNAPSHOT FOR SMES AND INDIVIDUALS

The Government has handed down its 2020/21 Federal Budget with plenty of tax measures. The most significant announcements for the SME market are the introduction of a full deduction for acquisition of capital assets (not subject to a cost limit) and the loss carry-back rules being re-implemented for a temporary period. Personal Tax Rate Cuts As expected, the Government has […]

May 9, 2018

Published by MC Tax Advisors at May 9, 2018

FEDERAL BUDGET 2018/19 – SNAPSHOT FOR SMES AND INDIVIDUALS

The Government has handed down its 2018/19 Federal Budget and there are a lot of measures that will impact SMEs and individuals. Together with the expected personal income tax cuts, there is a large focus on the black economy and funding the ATO to ensure taxpayers comply with their tax obligations. Interestingly, the majority of the start dates are 1 July […]