2021/22 Federal Budget
Below is a high-level summary of some of the key budget announcements. Future newsletters will cover off these topics in more detail. 1. Personal income tax changes 1.1 Retaining the Low and Middle Income Tax Offset (‘LMITO’) for the 2022 income year The Government has announced that it will retain the LMITO for one more […]
202/21 Federal Budget Summary
Below is a high level summary of some of the key budget announcements. Future newsletters will cover off these topics in more detail, as legislation is passed. 1. Personal income tax changes 1.1 Personal income tax rates Changes to the personal income tax rates that were due to apply from 1 July 2022 will be brought […]
Federal Budget 2016-17
As you are probably aware, last night the Treasurer Scott Morrison handed down the 2016-17 Federal Budget, his first budget. Here we provide a summary of some of the measures announced that may affect our clients.
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