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Federal Budget

The 2021 Federal Budget Changes & What It Means for You

Hey guys, We hope you’ve had a great week so far. Today we would like to chat to you about the 2021 Federal Budget, and what it means for you. To help create jobs, business investment and confidence after COVID-19, the Federal Government has just released a big spending 2021-22 Federal Budget! Based on our…

The 2020/21 Federal Budget & what it means for you

Happy Wednesday, Today we wanted to help explain the latest changes to the Government’s 2020/21 Federal Budget. There’s been a lot of confusion around the budget and yes, trying to get your head around all the changes yourself can be overwhelming. Although a bit dry, stay with us as we do our best to explain the…

New Federal Budget 2017-2018 Review Information From Knox Tax in Boronia

The 2017-2018 Federal Budget is in and you’re all wondering what to make of it, we’re sure. But, here at Knox Taxation & Business Advisory in Boronia, we’re available to help you navigate through what the new Federal Budget directives are. Do take the time to read through the following summary and don’t hesitate to…

What’s the latest on Federal Budget, Bookkeeping and Business Advisory News at Knox Tax?

We’re here to give you a helping hand. At Knox Taxation and Business Advisory in Boronia, you CAN put your eggs in one basket (just like the Easter Bunny did recently), AND have your cake and eat it too – because we’ve got all the latest information! Firstly, we’re excited to announce some extended services…

2015/16 Federal Budget

Download the NTAA Federal Budget (PDF) This analysis includes: Changes effective Budget Night – 7.30pm (AEST) 12 May 2015 Changes effective 1 July 2015 (i.e., 2015/16 income year) Changes effective 1 July 2016 (i.e., 2016/17 income year) FBT announcements Other budget announcements

ATR – Federal Budget. Headline Announcements that may impact you and your business.

The Federal Budget has tax implications that you should be aware of. Here’s the latest news! Check to see what affects you. INDIVIDUALS Deficit Levy – From 1st July, 2014, a deficit levy will be imposed on individuals with taxable incomes exceeding $180 000. From this date, the top marginal tax rate will increase by…

Change of Government means new rules!

What does the future of Tax and Superannuation hold? If there’s one thing that’s certain, there will be change, if it hasn’t already happened. The Coalition Government outlined the following proposed changes during the 2013 election: Withdrawal of the former Government’s proposal to remove the statutory formula method for both salary-sacrificed and employer-provided car fringe benefits.…

Federal Budget – What it means for you

Changes will be made to the way excess concessional contributions will be taxed making contributions to super… if you are 50 and over you will be able to make deductible contributions of up to $35,000 (up from $25,000) in the 2013-14 income year and thereafter. if you are 50 or over access to the higher…