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Business News – Special Federal Budget 2025-26 Edition

Budget Overview On Tuesday 25 March 2025, the Treasurer, the Hon Dr Jim Chalmers MP, delivered the Federal Budget 2025–26 (Budget), his fourth budget. The media consensus seems to be that it is a relatively low-key budget on the eve of the election (which will be held on Saturday 3 May 2025) with, unsurprisingly, few… Continue reading

Business News – February 2025

TaxWise What’s Been Happening in the Parliament? Instant Asset Write-Off – Small Business Small businesses that use the simplified depreciation rules can immediately write off the full cost of a depreciating asset used in the business, provided the cost is below the relevant threshold. This measure is known as the instant asset write-off (IAWO). The… Continue reading

Year End Planning Tips for Australian Taxpayers – A Comprehensive Guide

As the financial year draws to a close, it’s the perfect time to take control of your finances. Year-end planning goes beyond tax preparation—it’s about ensuring your overall financial well-being. Whether you’re an individual or a business owner, taking proactive steps now can set you up for success in the coming year. Why Year-End Planning… Continue reading