Auswild & Broad | Blog

Heading into the 2022-23 Federal Budget on 25 October, the question for the Australian Government is whether to keep, amend or repeal the cuts legislated to commence on 1 July 2024.

From October 14, 2022 if you test positive to COVID-19 you will no longer be forced to isolate for five days as the government works to remove almost all pandemic-related restrictions.

The Government has reinvigorated the 120% skills training and technology costs deduction for small and medium business.

23:59 UTC on 20 September 2022 is the cut-off to register for your .au direct domain. The .au domain is the new, general purpose, shorter Australian domain name option.

The ATO has released updated information on claiming cryptocurrency losses and gains in your tax return.

The RBA lifted the cash rate to 1.85% in early August 2022. The increase comes a few weeks after Reserve Bank Governor Philip Lowe told the Australian Strategic Business Forum that “…we're going through a process now of steadily increasing interest rates, and there's more of that to come.

Primary producers can apply for a concession on their vehicle registration and the eligibility requirements for the concession have changed.

Throughout March, the ATO sent letters to directors who are potentially in breach of their obligations to ensure that the company they represent has met its PAYG withholding, superannuation guarantee charge, or GST obligations. These letters are a warning shot and should not be ignored.

A series of reforms and changes will commence on 1 July 2022. Here’s what is coming up:

The Government temporarily halved the excise and excise equivalent customs duty rates for petrol, diesel and all other petroleum-based products (except aviation fuels) for 6 months from 30 March 2022 until 28 September 2022. This has caused a reduction in fuel tax credit rates.