Tax Tips
The proposed budget for 2025 comes with new tax cuts for individuals, reducing student debt and further restrictions on foreign ownership of housing.
If your business makes less than $50 million a year, you can snag an extra 20% tax deduction thanks to the Small Business Energy Incentive. This deal is for new assets or upgrades to current ones that make your energy use more efficient.
Charging your Electric Vehicle (EV) at home? You might be able to get some money back using the EV home charging rate.
The Federal Government announced measures that allow small business to instantly write off assets under $20,000 and that relieve energy bill pressures.
The Government has confirmed the revised stage three personal tax cuts that were announced prior to the Federal Budget being handed down and which have already been enacted into law.
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