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Queensland State Budget summary 2024 - 25
The Queensland Treasurer announced its 2024-25 state budget on 11 June 2024 ahead of the State Government election later this year. While there is significant investment in infrastructure, energy and housing, there are a number of ‘pre-election sweetners’. This article summarises the key tax and other measures expected to be relevant to Forvis Mazars Queensland clients.
Forvis Mazars shakes up professional services industry with its new $5 billion global network
3 June 2024
Largest new entrant in global rankings in decades with key leadership roles announced
National Minimum Wage and Modern Award rates increase announced
3 June 2024
Today at 10:30 am AEST, The Fair Work Commission (FWC) handed down the Annual Wage Review 2023-24 decision.
Mazars 2024-2025 Federal Budget tax & superannuation brief
The Federal Treasurer, Dr Jim Chalmers, handed down the 2024–25 Federal Budget at 7:30 pm (AEST) on 14 May 2024.
Victorian State Budget summary 2024-25
The Victorian Government today announced a 2024-25 budget with a $2.2 billion deficit, adding $19.3 billion to debt when capital works are added – continuing the trend of the biggest State Government deficits in Australian history. Victoria’s net debt will grow to $187.8 billion by 2028 – the highest State Government debt in Australian history.
New thin capitalisation rules receive Royal Assent
Mazars and Xero announce three-year global framework agreement
Xero will provide enriched data and insights to Mazars member firms who establish it as their cloud accounting solution.
Commercial and industrial property tax – Victoria’s quiet revolution
Not a day goes by without an economist, academic or media commentator spruiking our nation’s urgent need for comprehensive tax reform. Yet while the Stage 3 tax cuts, bracket creep and the GST distribution amongst the states are constantly making the headlines, the Victoria Labor Government has continued its quiet revolution in property tax reform.
When is the right time to start the aged care conversation?
No-one likes to talk about getting old. But at what age should you start thinking about your aged care needs? The answer is simple - any age is a good time. This is regardless of whether you are in your early retirement years or well into retirement.
What is Fringe Benefits Tax (FBT)?
Fringe Benefits Tax (FBT) is a tax paid by employers on certain benefits provided to their employees, their families, or other associates.