Tax and business news

Historical article — 2024. The wage and super figures below are for the 2024 announcement and are not current pay rates. For background only. Check current guidance before acting. Explore Regans bookkeeping and payroll support. From 1 July 2024, the national minimum wage will increase to $915.90 per week. National Minimum Wage Increase: From 1 July 2024, the national minimum wage will rise to $915.90 per week, which equals $24.10 per hour for a full-time employee working 38 h

Medicare levy surcharge (MLS). Depending on your income tier, the surcharge rate is 1%, 1.25% or 1.5%. Appropriate private patient hospital cover for you and your dependants can prevent the surcharge for covered days. Extras-only cover does not qualify. Check the income thresholds and cover rules for the relevant year. Receive a private health insurance rebate (PHIR). The PHIR is a tax rebate that can help you offset the cost of your private health insurance premiums. Your re

This introduction was published in 2023. The core 2026 property reforms are now enacted, with new rental-loss rules applying from 1 July 2027. Acquisition timing and exceptions can affect future treatment; use the newer guide before relying on this general explanation. Read the 2027 negative-gearing guide. Negative gearing is a common investment strategy in Australia, where an investor borrows money to purchase an asset, such as property or shares, with the expectation that t

In a further round of stimulus, the treasury have today (04/06/2020) announced a $25,000 cash grant for new home construction & major renova

How the governments stimulus package will affect you, your family and your business.

How the governments stimulus package will affect you, your family and your business.

How the governments stimulus package will benefit you

Historical article — 2019. The rollout instructions, AUSkey references, software prices and Regans service prices below are historical and are not current offers. For background only. Check current guidance before acting. Explore Regans bookkeeping and payroll support. On July 1, 2019 all businesses who have employees on payroll will be required to report their wages to the ATO each time they are paid. This new process is known as “Single Touch Payroll” (STP). What does thi

The Instant Tax Write off has been extended to June 2020 & has been increased to $25,000!

Historical article — 2018. The rollout dates and transition comments below are historical. For background only. Check current guidance before acting. Explore Regans bookkeeping and payroll support. If you run a business, you have no doubt heard the term 'single touch payroll' by now. Like most people you have put off looking into it or just assumed it didn't apply to you. I'm here to let you know, that it does apply to you and you do need to care. Sorry about that. What i