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Here are some important things about taxes and retirement savings from the Budget that can help people and businesses plan their finances.

Here are some important things about taxes and retirement savings from the Budget that can help people and businesses plan their finances.

Here are some important things about taxes and retirement savings from the Budget that can help people and businesses plan their finances.

Here are some important things about taxes and retirement savings from the Budget that can help people and businesses plan their finances.

If you are a low or middle-income earner (i.e. taxable income below $126,000), please be reminded that the low and middle-income tax offset (LMITO) has ended on 30 June 2022, which will impact your upcoming tax returns for the 2022-23 financial year. Without this offset, your tax bill will be higher this year, so expect a higher tax liability or a much lower tax refund during tax time.

If you are a primary producer who has been affected by the recent floods in Victoria, you can apply for one of two grants available that can help your business recover from the damage caused by the floods.

As of 1st July 2025, earnings from super balances exceeding $3 million will increase to 30%

Single Touch Payroll (STP) Phase 2 is an expansion of the ATO’s payroll reporting system, where you’ll be required to report additional information and clarify the payments you make to your employees.

For those of you who have employees, here’s a friendly reminder of the key dates to submit your certified rateable remuneration to your WorkSafe agent.

New grant for employing small businesses to access professional advice