A summary of the budget changes effective from 1 July 2014 is below: • The personal tax rates for the 2014/15 income year are
Taxable income 0 – $18,200 $18,201 – $37,000 $37,001 – $80,000 $80,001 – $180,000 **$180,001 and over
Tax on this income* Nil 19c for each $1 over $18,200 $3,572 plus 32.5c for each...Read More
The message in the lead up to the 2014 Federal budget was the days of entitlements were over and everyone is required to contribute to repairing the deficit. A 2014 Federal budget summary outlining some of the key changes impacting individuals, families and businesses is below.Read More
INDIVIDUALSA temporary levy of 2% will apply to incomes about $180,000...
On 12 March 2014 (that’s yesterday) new legislation to the Privacy Act has radically changed credit reporting rules in Australia. Prior to these changes, payments that were more than 60 days late were recorded on credit ratings as having “defaulted”, however the changes now mean that any payments that are more than 5 days late...Read More
SmartCompany have reported from 1 July 2014 that ATO data matching regime will be expanded to capture additional information that is not currently available to the ATO. The 2014/15 financial year will be the first financial year where the ATO will have additional information regarding certain transactions in...Read More