Please subscribe to our newsletter for our 2022 / 2023 October federal budget update, where amongst others the following topics are discussed:

    1.   Providing certainty for unlegislated taxation and superannuation measures
    2.   Digital Currency – Clarifying that digital currencies are not taxed as foreign currency
    3.   Depreciation – Reverse the self-assessment of the effective life of intangible assets
    4.   Increase in Commonwealth penalty unit
    5.   Superannuation – Expanding the eligibility for downsizer contributions
    6.   FBT – Electric cars
    7.  COVID-19 business grants – Making COVID-19 business grants non-assessable non-exempt
   8.   Energy Efficiency Grants for small and medium sized enterprises
   9.   Boosting Paid Parental Leave
  10.  Extending ATO Compliance Programs
  11.  Tax Practitioners Board – Compliance program to enhance tax system integrity
  12.  Supporting Small Business Owners
  13.  Off-market share buy-backs
  14.  Australia’s Foreign Investment Framework – Increase to fees and penalties
  15.  Multinational Tax Integrity Package

If you would like to discuss further please contact us:
McNamara & Company - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandco.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.au

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