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Tax

What is the New $1080 low and middle income tax offset?

During the 2019–20 Federal Budget the Government announced its desire to change the policy regarding Personal Income Tax. Recently, it was announced that these changes have been passed through and are law as a new income tax offset. So, what will this mean for you? And what is a tax offset in the first place?…

SRO Update for clients - residential tax

Alert: State Revenue Office Update – Residential Land Tax

Latest Notification from the State Revenue Office (SRO) due 15 January: “Notifications for vacant residential land tax and the absentee owner surcharge are due by 15 January 2019. If you made a notification last year, you only need to make a new one if your circumstances have changed.” Vacant Residential Land Tax: “If you own a property in one of 16 council areas that was unoccupied…

New Scams Alert | How To Protect Yourself Now!

As most of you are aware, we are now in the peak season for many ATO and Tax scams. Recently, we have been informed of two new methods that scammers are using to phish personal and financial information from their victims. 1) 3-way phone conversations Scammers are now initiating 3-way phone conversations between their…