Business Daily Media

Times Advertising

.

Why do I suddenly owe tax this year? It could be because the Low and Middle Income Tax offset is gone, forever

  • Written by Ann Kayis-Kumar, Associate Professor, UNSW Sydney
Why do I suddenly owe tax this year? It could be because the Low and Middle Income Tax offset is gone, foreverATO

Why do I suddenly owe tax this year?

This is one of the most Googled questions in Australia right now. And rightly so.

Ever since Australia’s transition to self-assessment for income tax returns, we have been primed to expect an annual refund.

That’s by design. Thinking we will get a refund acts as an incentive to get us to fill in...

Fraud Prevention and security crucial as identity crime hits record highs in Australia

In a radically transformed risk landscape where the scale and speed of financial fraud have reached unprecedented levels, Australian businesses ar...

Sectorial ATO Tax Debt Disclosures Rise, Overall Business Credit Demand Flattens and High-Risk SME 'Credit Shopping' hits 8-month peak

Q1 2026 Equifax Business Market Pulse shows low-risk borrowers consolidate demand enquiries while sub-prime entities accelerate shopping activity ...

SME support in Federal Budget falls short of easing business pressures

“The Federal Budget delivered several measures aimed at supporting small businesses, including making the instant asset write-off permanent, exten...

Bunji dog treats to hit Ritchies shelves

Cooee Native Superfoods’ Bunji range of dog kibble and treats is rolling out across Ritchies Supermarkets now, with stock already on shelves in se...

Pre-Budget Expectations

“Australian corporates and SMBs are under pressure. Competition from global players is intensifying, margins are under strain, and technology adop...

“Time is running out to get Payday ready,” Brighter Super urges

Superannuation fund Brighter Super is encouraging business owners to prepare now for Payday Super, ahead of the new laws taking effect from 1 July...