The Federal Government announced more than $30 billion in tax cuts for business as part of its 2020 Federal Budget.
From 28 September 2020, all employers wanting to claim JobKeeper payments will need to reassess their eligibility and prove that their turnover has declined based on actual figures.
Residential property development in Australian cities has been performing well in recent years.
The Low and Middle Income Tax Offset (LMITO) will no longer be available for the 2022-23 income year and subsequent years.
PERSONAL INCOME TAX CHANGES From 1 July 2020, the changes highlighted apply to the slabs mentioned below: