In the most recent Federal Budget, it was announced that the Australian Taxation Office will receive $89.6 million to extend its personal income tax compliance program and expand its scope to target emerging areas of risk and tax avoidance. A tax gap of approximately $9 billion has been identified as a result of omitted rental …
With end of financial year fast approaching we thought it timely to remind people of the key changes and concessions available in relation to superannuation. 1.Superannuation Guarantee – Increases to 11% With effect from 1 July 2023 the superannuation guarantee rate increases from 10.5% to 11%, please check to ensure your payroll system will adjust …
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