From www.aumanufacturing.com.au: Reactions to the 2025 federal budget highlight varying opinions among industry groups in Australia.
The Australian Workers’ Union praised the budget for significant investments in manufacturing, while the Australian Industry Group found it insufficient to stimulate economic growth.… read more
From www.icaew.com: (UK context) The Financial Reporting Council has updated resources on UK reporting thresholds, reflecting government changes effective from April 6, 2025.
These updates aim to reduce reporting burdens for smaller businesses by shifting turnover and balance sheet criteria by approximately 50%.… read more
From www.accountingweb.co.uk: (UK context) Chancellor Rachel Reeves announced an open consultation to strengthen measures against promoters of marketed tax avoidance schemes, aiming to provide HMRC with additional powers and sanctions.… read more
From asic.gov.au: ASIC has updated its guidance on virtual meetings for companies and registered schemes, clarifying expectations for member participation and addressing frequently asked questions regarding hybrid and virtual-only meetings.… read more
From www.pitcher.com.au: The 2025-26 Federal Budget introduces a reduction in the personal tax rate for incomes between $18,201 and $45,000, decreasing from 16% to 15% in 2026 and further to 14% in 2027, resulting in annual savings for individuals above $45,000.… read more
From hallandwilcox.com.au: Treasurer Jim Chalmers presented the 2025–26 Australian Federal Budget on March 25, 2025, forecasting a total deficit of $179.5 billion over the next four years, with significant reforms aimed at personal income tax cuts, cost of living relief, and healthcare funding.… read more
From www.theguardian.com: Angus Taylor, the shadow treasurer, stated that the Coalition will not support Labor’s tax cuts proposed in the federal budget, labeling them a “cruel hoax” that offers minimal financial relief to families.… read more
From www.investordaily.com.au: Treasurer Jim Chalmers presented the Albanese government’s pre-election budget for 2025-26, prioritizing economic stability amid global uncertainties and announcing significant tax cuts for all Australian taxpayers starting 1 July 2026.… read more
From www.financialstandard.com.au: The Australian government will amend tax laws to clarify the treatment of managed investment trusts, ensuring that legitimate investors retain concessional withholding tax rates, effective from March 2025.… read more
From www.charteredaccountantsanz.com: The 2025-26 Federal Budget includes plans for the implementation of Pay Day Super, which requires employers to make superannuation contributions at the time of salary payments starting on July 1, 2026.… read more
From www.savings.com.au: The 2025 Federal Budget provides relief for pensioners through a $150 energy rebate, an $8.5 billion investment to boost bulk billing, and a freeze on Pharmaceutical Benefits Scheme medicine costs.… read more
From www.charteredaccountantsanz.com: The Australian Federal Budget for 2025-26 outlines an underlying deficit of $28.3 billion for the fiscal year, with total headline deficits projected to reach $283.4 billion over the forward estimates.… read more
From www.charteredaccountantsanz.com: The 2025-26 Federal Budget introduces tax cuts and energy relief while pausing draught beer excise for two years, but fails to address many previously announced measures, leaving tax agents still burdened by red tape.… read more
From smsfassociation.com: The Federal Budget solidifies the Albanese Government’s decision to introduce a new superannuation tax on balances exceeding $3 million, disregarding industry appeals for amendments.… read more