• NSW PAYROLL TAX THRESHOLDS

    The annual threshold for NSW payroll tax for the period 1 July 2013 to 30 June 2014 is $750,000 with a tax rate of 5.45%. This threshold is reduced if a business is only paying wages for part of th..
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  • SCHOOLKIDS BONUS

    The government has replaced the Education Tax Refund with the Schoolkids bonus of $410 for each child in primary school and $820 for each child in secondary school. The total amount is paid in two ins..
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  • SELF EDUCATION EXPENSES

    The proposal to cap work related self-education expenses to $2,000 per person has been deferred and is now due to commence on 1 July 2015. This is to allow further consultation with professional assoc..
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  • FUEL TAX CREDITS

    From 1 July 2013 the fuel tax credit rates per litre have changed due to increased carbon charge amounts and changes to the road user tax for heavy vehicles greater than 4.5 GVM tonne. ..
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  • GIC & SIC RATES

    The ATO has published general interest charge (GIC) and shortfall interest charge (SIC) rates for the first quarter of the 2013-14 income year. The GIC annual rate for July – September 2013 is 9...
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  • REFORMS TO SELF-EDUCATION EXPENSES

    The government has announced a proposal to cap self-education expense deductions to $2,000 per person on all work related self-education expenses. This proposed reform is due to commence on 1 July 201..
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