by Financially Sorted | Apr 23, 2025 | ATO, Federal Budget, Tax & Accounting, Tax Returns
Any form of tax cut is always a welcome addition, and the personal tax cuts announced in the Federal Budget have now been passed. Although still some 14 months away, from 1 July 2026, personal income tax rates will change. On the last sitting day of Parliament before...
by Financially Sorted | Mar 26, 2025 | Federal Budget
2025-26 Labor Federal Budget Highlights On Tuesday evening 25 March 2025 Treasurer Jim Chalmers handed down the Federal Budget for 2025-26. A Budget deficit of $27.6bn is forecast in 2024-25, followed by deficits of $42.1bn in 2025-26, $35.7bn deficit for 2026-27 and...
