AtoTaxRates.info is a quick reference for ATO income tax rates and related information

accelerated-depreciation-$20000

Tony’s Tradies Small Business $20,000 Depreciation Deduction

Guidance has been issued by the Tax Office for small businesses on the new $20,000 small business instant asset write-off measures announced in the Government’s 2015 budget. Although not yet legislated, the measure applies from the time of its public announcement, 7.30pm AEST on 12 May … read more

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josh_headshot

Updating motor vehicle expense claims

Assistant Treasurer Josh Frydenberg has flagged changes to motor vehicle tax deduction claims: the 12 per cent of original value and one-third of actual expenses incurred calculation methods are to be discontinued, and the cents-per km rate is to be set at a flat average … read more

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FBT Determinations updates for 2015-16 year

FBT Determinations for 2015-16

Determinations updates for the FBT year commencing on 1 April 2015 and ending 31 March 2016 released today include the Reasonable Food and Drinks for LAFHA, Benchmark interest rate, Record Keeping Threshold, Km rates for non-cars and Non Remote Housing Indexation. TD 2015/4  The indexation factors for valuing non … read more

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Federal Treasurer Joe Hockey

Mid-Year Economic and Fiscal Outlook (MYEFO) 2014-15

The projected budget deficit for this 2014-15 financial year has now been confirmed by Treasurer Joe Hockey to be $40.4 billion. This is up by over $10 billion than the 2014 May budget forecast, with the projected return to surplus delayed by 4 years until 2019-20 financial year. The Treasurer identifies a … read more

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This page was last modified on 17 March 2015