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Showing 51 - 60 of 295 results for "Tax cuts"

Advice practices set to benefit from tax cuts

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
Small business owners, like financial planners, are set to benefit from the 30% tax rate reducing to 25% from 1 July 2021. Federal treasurer Josh Frydenberg also announced last night that temporary full expensing has been extended until 30 June 2023. ...

Chief economist update: Frydenberg spends big

BENJAMIN ONG  |  WEDNESDAY, 12 MAY 2021
... in Japan". The final words of the treasurer: "This Budget secures the recovery and sets Australia up for the future. Tax cuts to put more money in people's pockets. Business incentives to unleash a further wave of investment. New apprenticeships ...

Personal, business tax cuts revealed

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... create more jobs and support business investment. Low-and middle-income earners will receive an additional $7.8 billion in tax cuts with the retainment of the LMITO for individuals earning between $48,000 and $90,000. The LMITO relief is up to $1080 ...

No big losers in FY22 budget

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
Just about everyone is a winner in this year's federal budget, with treasurer Josh Frydenberg extending tax cuts, significant measures to enhance women's economic security and a $15 billion infrastructure spend. Delivering the 2021/22 federal ...

What to expect from the budget

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
... small businesses, H&R Block director of tax communication Mark Chapman has warned that we are unlikely to see personal tax cuts in the budget. "In fact, if things stay as they are, low and middle income earners face a tax rise because of the abolition ...

Business tax expanded to big corporates

ANNABELLE DICKSON  |  MONDAY, 23 NOV 2020
... due to income from overseas that have invested $100 million intangible depreciating assets will now be eligible for the tax cuts. The initial tax relief was announced in the 2020/21 budget allowing businesses with turnover of up to $5 billion to write ...

Chief economist update: Lowe taking interest rates lower

BENJAMIN ONG  |  FRIDAY, 16 OCT 2020
... other countries. We are considering the implications of this as we work through our own options." For sure, fiscal -- tax cuts; welfare spending programmes, etc. - and monetary support - lower interest rates have increased household incomes but recent ...

ISA calls for super tax reform

ELIZA BAVIN  |  THURSDAY, 15 OCT 2020
Industry Super Australia (ISA) has called for the stage two tax cuts to be matched by a change to the Low-Income Superannuation Tax Offset (LISTO) to help boost the retirement savings of women. ISA said this move could help add tens of thousands of ...

Stephen Jones admits to anti-life insurance bias

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
... He said he is disappointed to see the government "dismantling things that have been working" but he does support the tax cuts and funding for business that were announced in the budget. "You'd expect that if we are going to see a deficit of that ...

Effects of ERS not so bad: Grattan

ELIZA BAVIN  |  THURSDAY, 8 OCT 2020
... this idea of a private sector led recovery. You can see it on the emphasis that has been put on things like business tax cuts," she said. "In an ideal world, given the size of the challenge we face, I would have liked to see a broader-based scheme. But ...