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With the Low and Middle-Income Tax Offset gone, we’ll feel the pinch this tax season.

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.

Grants to help affected Primary Producers in Victoria

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.

30% Super Tax on Balances Exceeding $3 Million from 2025

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

Single Touch Payroll (STP) Phase 2

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.

WorkCover Key Dates Reminder 2022/23

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.

$2,000 Small Business Specialist Advice Pathways Grant

New grant for employing small businesses to access professional advice

.au Direct Domain Names

Register your .au domain name by 20 Sep to avoid losing it to a competitor!

Claiming deductions for working at home reminder

A unique identifier that will stay with a director for life, offering greater security.

Changes to Super Guarantee from 1st July 2022

A unique identifier that will stay with a director for life, offering greater security.

Tax Rate Guide for Small Business in Australia

A unique identifier that will stay with a director for life, offering greater security.