Federal Budget 2024-25

Federal Budget 2024-25

The Treasurer is promising that inflation will decline by 0.75% as a direct result of the2024-25 Federal Budget initiatives including energy relief for all households, a boost to Commonwealth Rent Assistance, and the freezing of the maximum co-payment on the...
Federal Budget 2024-25: For you and your family

Federal Budget 2024-25: For you and your family

Personal income tax cuts confirmed From1 July 2024 As previously announced, the Government has legislated permanent tax cuts for all Australian taxpayers from 1 July 2024. Relative to the previous Stage 3 plan, the redesigned cuts broaden the tax cut’s benefits...
Federal budget 2024-25: Superannuation

Federal budget 2024-25: Superannuation

Expanding the CGT regime for foreign residents DateCGT events commencing on or after 1 July 2025 The foreign resident capital gains tax (CGT) regime will be expanded by: Clarifying and broadening the types of assets on which foreign residents are subject to CGT...
Federal Budget 2024-25: For business

Federal Budget 2024-25: For business

$325 energy relief for small business Date1 July 2024 Around one million small businesses will receive $325 off their energy bills over 2024–25. The support will apply as an automatic quarterly credit to energy bills. Energy relief will also be provided to households...
Non-compete clauses and worker restraints under review

Non-compete clauses and worker restraints under review

A new issues paper from Treasury’s Competition Review questions whether non-competes and other restraints limit job opportunities and movement.  A recent Australian Bureau of Statistics (ABS) survey found that 46.9% of businesses surveyed used...
How much is my business worth?

How much is my business worth?

For many small business owners, their business is their largest asset and, for many, one that is expected to help fund their retirement. But what is your business really worth, and what sets a high-value business apart? Every business owner is naturally curious about...