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What to expect from Labor Government tax policies
The re-elected Labor Government has announced key tax policies affecting individuals, families, and businesses—covering income tax, superannuation, HECS debts, instant write-offs, and foreign investment. We’ve summarised the key announcements to help you understand what to expect.
New Super Tax from the Labor Government
Labor’s proposed super tax could significantly impact individuals with balances over $3 million, including taxing unrealised gains. With changes likely from 1 July 2025, now is the time to start planning.
Resilience, Governance and the AASB S2 Standard
Robust governance frameworks are essential for building business resilience and sustainability. These frameworks help businesses comply with the new AASB S2 reporting standard and also deliver strategic advantages.
Navigating Risks and Opportunities in Sustainability Reporting
As sustainability becomes a key focus in corporate strategy, businesses must disclose their climate-related risks and opportunities. The AASB S1 and S2 standards provide a phased approach, helping entities gradually adapt to the new requirements.
Keeping a Vehicle Log Book
When claiming work-related car expenses, many people miss maximising their claim due to poor record keeping. If you are audited by the Australian Tax Office (ATO), inadequate records could cost you dearly. A vehicle log book is an important piece...
Non-Compliant Small Businesses to be Moved to Monthly GST Reporting
Non-compliant small businesses will be moved to monthly GST reporting from 1 April 2025 in an ATO crackdown. Learn who the ATO are targeting and what you can do now.
Why Choose Synectic, a Xero Platinum Partner?
We’re proud to be a Xero Platinum Partner, recognised for our expertise in delivering tailored cloud accounting solutions to help businesses succeed. The Platinum status reflects our proven ability to provide practical...
Risks or Opportunities – 2025 and Beyond
Businesses face a rapidly evolving landscape filled with both opportunities and risks. Learn how to prepare your business now for the future.
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