Tag Archives: small business accountant

How much does negative gearing really cost the nation?

https://youtu.be/WqvwYOD5Vdw Since the government’s announced changes to the Stage 3 tax cuts to give lower income earners more benefits, the chorus of voices advocating for changes to other aspects of the tax system, such as negative gearing, has grown steadily stronger. So how much does negative gearing actually cost the nation each year? The answer to...
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FBT electric vehicle home charging rate

Since the introduction of EV incentives by various state governments to encourage the uptake of EVs and other zero emissions vehicles, the market share of EVs has significantly increased from around 0.78% in 2022 to 7.2% in 2023. According to the Federal Chamber of Automotive Industries, while EV sales only account for a small proportion...
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Stage 3 tax cuts vs proposed changes

The talk about the stage 3 tax cuts has reached fever pitch in recent days. The changes were originally legislated by the previous government in 2019 with support of the then Labor opposition.  During the election campaign and since coming to government, the Prime Minister had reassured voters on multiple occasions that...
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Employee vs contractors: new rules

https://youtu.be/vJncIk5yZuc?si=kiqKODxoukNgC2S- Following on from two prominent High Court decisions in Construction, Forestry, Maritime, Mining and Energy Union v Personnel Contracting Pty Ltd [2022] HCA 1 and ZG Operations Australia Pty Ltd v Jamsek [2022] HCA 2, the ATO has issued a Ruling clarifying the issue of whether certain individuals are employees or independent contractors....
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