Our Recent Blogs

Debbie Grace Debbie Grace

Technology Investment Boost due to end 30 June 2023.

Last year the previous Coalition Government announced a Technology Investment Boost as part of the 2022/23 Federal Budget. The Boost was announced to support eligible small businesses by providing an incentive to invest in their digital capacity.

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Debbie Grace Debbie Grace

12-month extension of the temporary loss carry-back measure.

As announced in the 2020/2021 Federal Budget, legislation has now passed to allow eligible corporate entities (i.e., with, amongst other things, an aggregated turnover of less than $5 billion) a 12-month extension to claim a loss carry-back tax offset in the 2023 income year.

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Debbie Grace Debbie Grace

Fuel tax credit rates have changed.

As announced in the 2022-23 Federal Budget, fuel excise and excise equivalent customs duty (excise) rates for petrol, diesel and all other fuel and petroleum-based products, except aviation fuels, will be halved temporarily for 6 months, from 30 March to 28 September 2022.

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Debbie Grace Debbie Grace

Treasurer unveils COVID-19 tests will now be classed a tax deduction.

Treasurer Josh Frydenberg provided a number of updates and announcements, including confirmation the federal government would look to ensure COVID-19 testing expenses are tax deductible when they are purchased for work-related purposes, giving businesses and individuals clarity and assurance.

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