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Category: Budget updates

11 March 2022 - GAP Accountants

Low and Middle Income Tax Offset

A measure that will no doubt be beneficial for individual taxpayers is the …

06 March 2022 - GAP Accountants

As announced in the 2020/2021 Federal Budget, legislation has now passed to allow eligible corporate entities (i.e., with, …

18 November 2020 - Evelyn Oakley

The Government has made another determination extending the timeframe within which companies can hold meetings electronically and enabling …

17 November 2020 - Evelyn Oakley

Given that many Australians continue to work from home due to COVID-19, the ATO has updated its Practical …

16 November 2020 - Evelyn Oakley

Many lenders have recently allowed borrowers with investment property loans to defer repayments for a period of time.
While …

13 November 2020 - Evelyn Oakley

The ATO has now updated the tax withholding schedules to reflect the 2020/21 income year personal tax cuts …

10 November 2020 - GAP Accountants

Businesses with a turnover of up to $5 billion are now able to immediately deduct the full cost …

10 November 2020 - GAP Accountants

The Government brought forward ‘Stage two’ of their Personal Income Tax Plan by two years, so that, from …

06 May 2019 - GAP Accountants

The Government handed down the 2019/20 Federal Budget on Tuesday 2 April 2019.
Some of the important proposals include:

Increasing …

11 February 2019 - GAP Accountants

The Government has released a consultation paper with respect to the implementation of the 2018/19 Federal Budget announcement …

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