At 7:30pm tonight, Scott Morrison delivered his first budget with a forecast budget deficit of $37.1 Billion for 2016-17, $26.1 Billion for 2017-18, $15.4 Billion for 2018-19, and $6 Billion for 2019-20. The treasurer announced that this is not just another budget but an economic plan and a foundation to build a brighter more secure… Continue Reading
Author Archives: Catalyst Financial
Superannuation Changes Revealed
At last the uncertainty around superannuation is over – Treasure Wayne Swan announced today what changes the Labour government intend to make to superannuation. Summary of key changes announced:At last the uncertainty around superannuation is over – Treasure Wayne Swan announced today what changes the Labour government intend to make to superannuation. The key changes announced are:… Continue Reading
Living Away From Home Allowance – Update
Further to the changes to LAFHA announced by the government in November 2011, the government announced yesterday that it would delay the start date of these changes from 1 July 2012 to 1 October 2012. This means that current LAFHA arrangements can continue until 1 October 2012 and this will give employers and employees additional… Continue Reading
2012 Federal Budget
At 7:30pm tonight, Wayne Swan delivered his 5th budget with a forecast budget surplus of $1.5 Billion for 2012-13 and $2 Billion for 2013-14. The budget deficit for 2011-12 is $44 Billion compared to the previously forecast $22 Billion deficit. The main objectives of this budget are “to share the tremendous benefits of the mining… Continue Reading
2011 Federal Budget
At 7:30pm tonight, Wayne Swan delivered his 4th budget with a forecast budget deficit of $22.6 Billion for 2011-12. The main objectives of this budget are to bring the opportunities that flow from a strong economy within reach of all Australians, and to build a more productive workforce. The budget is forecast to return to… Continue Reading
2010 Federal Budget
At 7:30pm tonight, Wayne Swan delivered his 3rd budget with a forecast budget deficit of $40.8 Billion for 2010-11. The objective of this budget is to emphasise responsible management. The budget is forecast to return to a $1 Billion surplus in 2012-13, making Australia the best performing advanced economy in the world. In addition to this, unemployment is… Continue Reading
2009 Federal Budget
At 7:30pm tonight, Wayne Swan delivered his 2nd budget with a forecast budget deficit of $57.6 Billion for 2009-10. The objective of this budget is to support jobs today by investing in the infrastructure Australia needs tomorrow. Unemployment is expected to reach 8.5% and the economy is expected to contract by 0.5% in 2009-10. Some of the changes announced include extension… Continue Reading
Tax Bonus Payment
The government today announced five key $900 one-off payments to assist in strengthening the Australian economy during a severe global recession. The three most relevant bonuses are: Tax Bonus for Working Australians This bonus is payable to Australian resident taxpayers who paid tax for the year ended 30 June 2008, after taking into account tax… Continue Reading
Cash Is King
Cash flow is one of the most important drivers in a business. Businesses require cash flow to grow, to buy new stock in order to generate future sales, to pay expenses, to buy assets, and to distribute profits to the owners. In the current financial environment, banks are no longer lending cash easily and, therefore,… Continue Reading
Property Investment & Trusts
One of the benefits of a negatively geared property investment is the ability to deduct the losses incurred against other income. For this reason many investors register property investments in their individual names. Although this achieves their tax objective it does not provide tax flexibility nor asset protection objectives, which are available in a trust… Continue Reading
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- 2024 Federal Government Budget
- 2023 Federal Government Budget
- Revised method for claiming working from home expenses
- October 2022 Federal Budget
- 2022 Federal Government Budget
- Professional firms – ATO compliance approach to allocation of profits
- NSW 2022 COVID-19 Business support
- NSW 2021 COVID-19 Micro-Business Grant
- NSW 2021 COVID-19 JobSaver Payment
- NSW 2021 COVID-19 Business Grant
- Greater Sydney COVID-19 Lockdown – What Government Support is Available?
- Be aware and get ready for the upcoming increases to superannuation guarantee payments!
- The COVID-19 tax relief measures and support available for your 2021 tax returns!
- Government Grants Currently Available!
- 2021 Federal Government Budget
- Utilising taxable losses against prior year profits!
- The Benefits of Annual Tax Planning
- Xero Updates – March 2021
- Setting sales targets in uncertain times
- New wages subsidy for employers of apprentices and trainees
- Is your SMSF breaching NALI rules unknowingly?
- 2020 Federal Government Budget
- Jobkeeper – Nominate Additional Employees
- New options for claiming home office expenses during COVID-19
- COVID-19 effects on rental property owners
- Risks involved in consolidating super
- JobKeeper Payment: Eligibility Tests Clarified!
- NSW Government’s Economic Stimulus Package
- Rent relief for Businesses: The Commercial Tenancies Code of Conduct
- JobKeeker Payment – Government Clarifies Employer Eligibility
- JobKeeper Payment – The Next Round of Government Support!
- Second Government Coronavirus Rescue Package
- Government’s Response to Coronavirus Outbreak
- The Super Guarantee Opt-out is In!
- Going, going, gone! Main Residence Exemption removed for Foreign Residents
- The Crowdfunding Craze – Implications for Promoters and Contributors
- An Update from the 2020 Xero Roadshow
- Tis the Season! Tax implications of Christmas festivities
- Land Tax or Land mine? Changes to NSW stamp duty and land tax for discretionary trusts
- $10,000 cash payment limit expected to take effect from 1 January 2020
- Superannuation Guarantee Amnesty legislation re-introduced
- GST on Imports – Are you optimising your Cash Flow?
- ForPurposeCo. – The epitome of social enterprise!
- “Where’s my refund?” and other questions about your 2019 Tax Return
- ABN registrations under scrutiny: does yours stack up?
- To SMSF, or not to SMSF?
- Traps of the CGT Main Residence Exemption
- Division 293 Shock!
- ATO benchmarks – A handy business check-up
- 2019 Federal Government Budget
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