A new government report shows expanding or increasing GST could be a smarter path for Australia’s economy than lifting income or company taxes. But what would reform actually look like – and how could it affect your business or household?
Australia’s tax system is under pressure – and experts say it’s time for bold change. From lifting the GST to rethinking stamp duty and pension perks, the OECD has put forward big ideas to future proof our revenue. Could these reforms reshape how we all pay tax?
Taking over someone’s tax affairs after they pass away involves more than just notifying the ATO – it often requires formal legal authority and careful administration of their estate. From lodging a final tax return to managing income earned by the estate, here’s what you need to know to ensure everything is handled correctly.
Planning your retirement? The decision between taking a holiday now or cashing in your leave later could significantly impact your super, tax and pension eligibility – timing is everything when it comes to maximizing your retirement benefits.
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