Car Thresholds for the 2024–25 Financial Year
The following car thresholds will apply for the 2024–25 financial year Income Tax The car limit for 2024–25 is set at $69,674 . This...
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Gordon Q.C Du
& Associates
Business Solutions
since 2003
myGovID is changing to myID
Find out about the new name, what's changing and how it affects you. Soon, myGovID will be changing to myID. The app will have a new name...
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Updates to Fuel Tax Credit Rates for business
Fuel tax credit rates are subject to frequent changes, impacting businesses that rely on fuel. Staying informed is crucial to ensure...
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Landlords are the focus of an expanded crackdown by the ATO.
The Australian Taxation Office (ATO) has broadened the scope of its Property Management Data Matching Program to bolster tax compliance...
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Individual income tax rates and threshold changes
Changes to Individual income tax rates and thresholds from 1 July 2024. On 25 January 2024, the government announced changes to...
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What Changed on 1 July 2023
Employers & business Superannuation guarantee increases to 11% from 10.5% National and Award minimum wage increases take effect. The...
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Tax Savings for Your Business
Bring forward the purchase of assets If there are large assets your business needs to buy (or upgrade), you have until 30 June 2023 to...
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The 120% Technology and Skills ‘Boost’ Deduction
The 120% skills and training, and technology costs deduction for small and medium business have passed Parliament. We’ll show you how to...
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Warning: Redrawing Investment Loans
The ATO estimates that incorrect reporting of rental property income and expenses is costing around $1 billion each year in forgone tax...
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Self-education: What can you Claim?
The Australian Taxation Office have released a new draft ruling on self-education expenses. We revisit the deductibility of...
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February 2024 Tax Due Dates
21 February Lodge and pay December 2023 monthly business activity statement for business clients with up to $10 million turnover who...
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$20K Extra Deduction for “Electrifying” your business
Electricity is the new black. Gas and other fossil fuels are out. A new, limited incentive nudges business towards energy efficiency. We...
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