NEWS & INSIGHTS
Taxing fame: The ATO’s U-turn
Sportspeople, media personalities, celebrities and ‘insta’ influencers beware. The ATO has taken a U-turn on how fame and image should be taxed. If you’re famous and make an income from your fame and image, the way the ATO believes you should be taxed on the income...
How high will interest rates go?
Low-interest rates have been a mainstay since the global financial crisis of 2008. When the pandemic hit, Governments pushed stimulus measures through the economy and central banks reduced interest rates even further. Coming out of COVID, housing market demand was...
30 November – Director ID deadline
The deadline for existing directors of Australian companies to obtain a Director Identification Number (ID) is 30 November 2022. All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation...
2022-23 Budget 2.0 – A Guide
There is nothing in this Budget that would create a UK-style crisis. The stage 3 tax cuts legislated to commence on 1 July 2024 are not mentioned, and most funding initiatives appear to be a reallocation of previous Government initiatives. And, the commodity-driven...
Team Shakespeare’s Third Cancer Ride for Research
For the third year running, Shakespeare Financial Group’s cycling team completed the MACA Cancer 200 Ride for Research over the weekend. Starting at Optus Stadium on Saturday, the cyclists rode to Mandurah, stayed overnight, and then rode back on Sunday, completing...
Stage three personal tax cuts
In September, amid a climate of startling interest rates, UK Chancellor Kwasi Kwarteng announced a series of tax cuts, including the reduction of the top personal income tax rate that applies to those earning more than £150,000 from 45% to 40%. Just ten days later,...
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