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income tax

Future income tax cuts for individuals

Changes to the individual tax rates have been proposed as part of a 3 phase package announced in the 2019 federal budget. The proposed changes to the tax rates would commence from 1 July 2022, but also include a proposal to change personal tax offsets for the 2018/19 income year. Phase 1: Increasing personal tax […]
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4 Simple Ways To Pay Less Tax This Tax Season

The end of financial year is often the trickiest and tiresome for business owners, who are already time strapped. Paying your tax on regular basis always brings good reputation for your company. No matter you are a start-up or a corporate giant, you should always make precise planning before tax season to avail all the […]
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ATO targets holiday homeowners’ and property investors’ deductions and income

Taxpayers merely have three weeks remaining to organize their abodes, particularly the 1.8 million populace owning holiday properties and investments; warning issued by the Australian Taxation Office. Owners of the homes who have modified their rooms into rent bedrooms to tourists or long-term boarders or into home offices will also have their deductions and gains […]
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