by C&N Accountants | Apr 2, 2025 | Income Tax
Imagine keeping more of your hard-earned money in your pocket each year. Exciting news for Australian taxpayers: from 1 July 2026, you’ll see welcome changes to personal income tax rates. The latest parliamentary session confirmed the personal income tax rate...
by C&N Accountants | Jul 11, 2024 | Business, Income Tax, Superannuation
Personal tax & super As you may be aware (thanks to the $40 million public education campaign), personal income tax cuts became effective on 1 July 2024. At the same time, the superannuation guarantee (SG) rate jumped by 0.5% to 11.5%. For employers, it’s...
by C&N Accountants | Apr 16, 2024 | Federal Budget, Income Tax
The 2024-25 Federal Budget marks the third round under the Albanese Government. As we’ve seen in past years, the big talk is about managing the cost of living pressures and steering the economy towards net zero emissions. Election expert Antony Green considers...
by C&N Accountants | Mar 13, 2024 | Income Tax, Tax Planning
The revised stage 3 tax cuts have been approved by Parliament and will be effective from 1st July 2024. It is advisable to review any salary sacrifice agreements before the new tax rates take effect to ensure that they still align with your desired outcome. If...
by C&N Accountants | Jan 29, 2024 | ATO, Income Tax, Tax & Accounting, Tax Planning, Tax Refunds
The Federal Government has recently announced a realignment of the personal income tax cuts, initially legislated to commence on 1 July 2024. This realignment is part of a new proposal that seeks to redistribute the tax cuts more effectively. Overview of the Amended...
by C&N Accountants | Oct 11, 2023 | ATO, Income Tax, Tax Deductions, Tax Planning, Tax Refunds
The Australian Taxation Office (ATO) recently rolled out a fresh draft ruling concerning self-education expenses. Let’s dive into the intricacies of what you can or cannot claim when it comes to your educational pursuits. Claiming Work-Related Study Expenses If...
