The Federal Budget handed down on Tuesday evening of May 13 seemed to re-emphasis Treasurer Joe Hockey’s narrative pursued in the lead-up to budget night – that tough decisions would have to be made, and that due to the state of the economy we would all be expected to do some of the “heavy lifting”. […]
Recent changes have been made to some social service, family benefit and other entitlements, which we run through and explain. There are also changes looming for superannuation contribution caps (the good news here is that they are increasing). And did you know that the basis to determine the costs of aged care accommodation is being […]
While most people know that the fees for preparing and lodging tax returns are deductible, far fewer are aware that the specific regulations operating in this area of tax law also allow for extra deductions to be claimed in certain circumstances. While the repeal of the mining tax (the Minerals Resource Rent Tax) is yet […]