2018/2019 Federal Budget Overview

By | 2018-05-11T18:30:38+00:00 May 11th, 2018|Categories: Budget|

Individuals A seven-year Personal Income Tax Plan will be implemented in three steps, to introduce a low and middle income tax offset, to provide relief from bracket creep and to remove the 37% personal income tax bracket. The Medicare levy low-income thresholds for singles, families, seniors and pensioners will be [...]

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The unique needs of small business owners

By | 2018-05-08T16:50:05+00:00 May 7th, 2018|Categories: Small Business|

The main reason people go into business for themselves is quite simple – to have more control. For others, wealth creation is the main focus, although small business also brings with it the higher chance of failure and loss. Is the hard work and extra risk worth it? If you are a [...]

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Employee or Contractor

By | 2018-05-03T01:18:00+00:00 May 3rd, 2018|Categories: Contractor|

I can understand during difficult economic times that business owners search for ways to reduce their costs and outgoings, but when those decisions affect others detrimentally, that’s when I get cranky. Recently I had a phone call from a client who had been retrenched six months ago. Although this man is very [...]

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Victoria State Budget 2018/19

By | 2018-05-02T01:27:02+00:00 May 2nd, 2018|Categories: Budget|

The Victorian Treasurer has handed down the state’s Budget for 2018/19. The budget includes the following revenue measures: First home buyer stamp duty exemption For property settlements from 1 July 2018, Australian Defence Force personnel will be exempt from the first home buyer stamp duty exemption/concession residence requirement. This personnel will no longer [...]

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Markus Mobile Tax Accounting Services

PO Box 6197, Point Cook, Victoria 3030

Mobile: 0422 735 047

Web: Markus Mobile Tax Accounting Services

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