Scam Alerts
We have recently received a lot of calls from our clients complaining about scam calls and threatening them about tax payments and arrest warrants (these are also in the form…
2017/2018 Federal Budget
Federal Budget Highlights
Mr Scott Morrison, the Federal Treasurer, has handed down his second Budget Mr Morrison said the Budget is focused on boosting the economy and households, so that “we live within our means and are able to return the Budget to balance in 2020/21”.
This is the tenth consecutive federal deficit budget.,2017/2018 the Budget deficit is $29.4 Billion.
2016/2017 Federal Budget
Individual Tax
Review by Accountants & Tax Agents Pty Ltd Julius Mather – Managing Director
Income tax rates
We see in this Federal Budget a modest attempt to address the current bracket creep via the announced proposal to increase the threshold at which the second-highest marginal tax bracket of 37 per cent begins to apply, from $80,001 to $87,001. According to the Government’s modelling, this will prevent approximately 500,000 taxpayers from entering this tax bracket until the 2019-20 income year.
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