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Individuals carry the country with $300 billion tax bill

With the new tax year starting tomorrow, the Australian Taxation Office (ATO) has released its annual Taxation Statistics report. The latest data, from the 2022-23

July 1 changes which will hit your hip pocket

This week marks the new financial year and with it a raft of changes. Here’s a list of what will be different after July 1. Income and investments National minimum

Annual inflation indicator drops to 2.1 percent

Australia’s monthly Consumer Price Index (CPI) indicator has again registered its smallest increase since the pandemic. The latest Australian Bureau of Statistics

Australian businesses face a ton of tax burdens

Reducing company tax and rationalising the number of taxes paid by businesses, which in some cases exceeds 100, is needed to boost productivity. In a new report, the

Annual super valuations key to div 296 tax change

Looming plans to tax superannuation balances greater than $3 million, means it is more important than ever for people to know their total superannuation balance

Scared renters in a state of despair and disrepair

More than two thirds of Australian renters do not ask for repairs to be done in the fear their rent would be increased. A new national survey also found a third of

Fairer energy plans … in 12 months’ time

Australian energy retailers have 12 months to ensure customer plans are fair, with new Government-mandated rules set to kick in on July 1 next year. Energy and Climate

Brisbane budgets on new Story Bridge footpath this year

More than $18 million has been allocated in this year’s Brisbane City Council Budget to the restoration of the Story Bridge, with almost half for work on the

Optus agrees to $100m penalty over sales practices

Optus is set to pay a $100 million fine for selling products to consumers who did not want, nor could afford, them. Australian Competition and Consumer Commission (ACCC)

New tax rule puts influencers in ATO spotlight

Gig economy workers may receive a surprise from the Australian Taxation Office (ATO) this year, with new rules impacting secondary sources of income. CPA Australia Tax

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