The promised overhaul of Stage 3 tax cuts has now passed through both houses of parliament, and into law. The aim of the Federal Government initiative was to broaden the benefits of the original tax cuts, providing cost-of-living relief to low and middle-income earners, while halving the tax break offered to wealthier Australians. What does…
As we approach the holiday season, a period marked by increased online activity, it is paramount to remain vigilant about identity protection. John Ford, ATO Deputy Commissioner and Chief of the Serious Financial Crime Taskforce (SFCT), has highlighted a concerning uptick in the rate and magnitude of identity thefts perpetrated by criminals for fraudulent purposes….
The holiday season is upon us, and business owners are contemplating ways to express gratitude to their hardworking employees. One common inquiry during this period revolves around tax-effective gift options for both the company and its staff. While the office Christmas party is a popular choice, it’s important to note that its cost falls under…
Be it to gain a competitive advantage, fill a skills-gap, or support employees along their evolving career paths, upskilling is now considered a priority of business management. Equally important is the need to stay on top of business technology. So, to encourage Australian small businesses to upskill their workforce, and invest in digitisation, the Federal…
The Small Business Energy Incentive was first announced by the Treasurer Jim Chalmers in April this year and included as a 2023/24 FY federal budget measure. Its aim is to address and curb rising energy costs and help businesses manage their bills, at a time when the Australian Energy Regulator (AER) reports that “small business…
Changes now apply (effective 1 July 2023) regarding disclosure of all businesses tendering for large Australian Government procurement contracts. Tenderers for contracts worth more than $200,000 are required to disclose their country of tax residency (including their ultimate parent entity’s country of tax residence), as part of the general business identifier information required in the…
With a focus on the end of the financial year, it’s time to act on opportunities to improve your tax position. It is also important to consider changes in legislation that may have a financial impact on you or your business. With that in mind, here are our Top 5 Tax Tips for the end…
At Hall Browns, our mission is to be our clients’ most trusted advisor. We achieve this by being professional, ethical, proactive and getting real results for clients. We pride ourselves on providing personalised solutions, and some clients need us to give just that little bit extra, which is why we are proud to offer pro…
Last night, Treasurer Jim Chalmers handed down a budget with very few incentives for business. However, the proposed stage three tax cuts, which are due to kick in on 1 July 2024 are safe for now. Please click on this link to download our in-depth budget report to learn more on how the proposed measures…
With the end of Q1 looming, Hall Browns would like to remind you of some important upcoming dates relating to the lodgement of income tax returns. These relate to the deadlines for 2021/22 returns. 31 March 2023 This deadline applies to Companies and Superannuation Funds with a total income in the 2020/21 year of more…