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  • 2024-25 Federal Budget Wrap

    Federal Treasurer Jim Chalmers MP presented the Australian Labor Party's 2024-25 budget last night. The budget emphasised efforts to alleviate the cost of living crisis, increase housing construction, support local manufacturing ("A Future Made in Australia"), facilitate upskilling and education access, enhance Medicare, and bolster the care economy. The budget this year is expected to…

    Alexander Laureti

  • Proposed changes to the Stage 3 Tax Cuts

    ✂️ Backflip or Timely Pivot? ✂️ The Government has announced changes to the already legislated stage 3 tax cuts commencing on 1 July 2024. In a media release on Thursday 25 January 2024, the Government stated that it has reversed its position to leave the Stage 3 tax cuts and instead proposed changes that are…

    Alexander Laureti

  • Five Principal Debt Collection Focuses of the ATO

    By Alexander LauretiSeptember 12, 2023 The Australian Taxation Office (ATO) has recently identified five primary types of business debts that are now under its heightened scrutiny. This shift in focus comes as the ATO winds down the exceptional leniency it previously extended to late payers during the COVID-19 lockdowns. At the Tax Institute Tax Summit…

    Alexander Laureti