Treasury has released draft legislation to enact the Government’s plan to increase the tax rate on earnings on superannuation balances above $3m from 15% to 30% from 1 July 2025. This is the final step before the legislation is introduced into Parliament and a step closer to reality.

Superannuation, TaxationJPR BUSINESS GROUP9 October 2023superannuation, tax, taxation

$20k deduction for 'electrifying' your business

Electricity is the new black. Gas and other fossil fuels are out. A new, limited incentive nudges business towards energy efficiency. We show you how to maximise the deduction!

Self-education: What can you claim?

The Australian Taxation Office have released a new draft ruling on self-education expenses. We revisit the deductibility of self-education expenses and what you can and can’t claim.

TaxationJPR BUSINESS GROUP4 October 2023tax deduction, study, self education deductions

The 'AirBnB' Tax

Property investors that choose to utilise their property for short-term stays (or leave it vacant) are firmly in the sights of the regulators.

TaxationJPR BUSINESS GROUP2 October 2023airbnb tax, tax, airbnb