The NSW Government has developed a new package of measures designed to improve housing affordability across NSW which includes stamp duty relief for homes up to $800,000 & abolishing stamp duty for homes up to $650,000. There are also grants available for new home builders. Read full details

Taxpayers expected to receive fresh attention from the ATO in respect to claiming work related deductions. The move coincides with a new warning from the ATO for people to avoid incorrect claims for work-related expenses. Last year the Australian Taxation Office introduced real-time monitoring of about 3.2 million online tax returns, with messages about questionable claims being sent to individuals as they prepared their returns. Read full details

As per the ATO the income you earn or have earned from your ride-sourcing business is assessable income and must be reported in your income tax return. You can also claim deductions for expenses that you incur in relation to providing ride-sourcing services. This applies even if you run your ride-sourcing business on a casual basis to supplement your income from another job or other business activities. Read full details

In the 2017 Budget, the Government announced that it intended to progressively reduce the corporate tax rate from 30 per cent to 25 per cent. These changes were outlined in the Enterprise Tax Plan 2016 Bill. Amendments were made to this Bill by the Senate on 31 March 2017. The amendments were accepted by the Government and received Royal Assent on 19 May 2017. Read full details