by Team Garnet | Jun 9, 2024 | ATO, Tax Time
As the ATO gears up for tax time 2024, it has flagged three primary areas where taxpayers frequently make mistakes. It has emphasised the importance of getting tax returns right the first time to avoid unnecessary complications from having to amend tax returns and...
by Team Garnet | Jun 2, 2024 | ATO, Tax News
Treasurer Jim Chalmers has handed down the 2024-25 Federal Budget with various tax-related measures concerning SMEs. On Tuesday 14 May 2024, Treasurer Jim Chalmers handed down the 2024-25 Federal Budget, his 3rd Budget. The major SME business tax-related measures...
by Team Garnet | May 9, 2024 | Families
In a win for gender equality, the Australian government enhancing women’s retirement savings by paying super on government PPL and expanding the PPL. The government has announced that from 1 July 2025, it will commence paying super on Government Paid Parental...
by Team Garnet | Apr 2, 2024 | ATO, Tax News
The revised stage 3 tax cuts are now law, and it is time to be proactive about your time planning. Find out how it will affect you here. Now that the revised stage 3 tax cuts have passed all stages of Parliament and received Royal Assent, the new rates are law and...
by Team Garnet | Mar 6, 2024 | ATO, Business Structures, Tax News
With the rise in businesses purchasing EVs for the use of their employees, the ATO has finalised its guidelines setting out the methodology for calculating the cost of electricity. Since the introduction of EV incentives by various state governments to encourage the...
