The personal income tax scale stage 2 tax cuts under measures set forth in 2018 were brought forward and take effect from 1 July 2020 for the 2020-21 and following years.
The Low and Middle Income Tax Offset has been extended for another year to include 2021-22 and increased by $420.
During the year, business depreciation write-off rules were liberalised as part of the government’s Covid-19 response measures.
For businesses under $5 billion aggregated revenue, the expanded write-off allowance for new business assets has been extended out to fully 100% deductible until 30 June 2023 (subject to dates and qualifying conditions).
The Federal Budget on 29 March 2022 did not result in any changes to tax rates or income thresholds for the 2022-23 income year. The extension and increase of the low and middle income tax offset by $420 is payable upon assessment of individuals’ income tax returns for the 2021-22 income year
For further noteworthy changes for the 2022 year see the 2022 Tax Rates page.
2022
- BDO 2022 Year-End Tax Planner and Bulletin – BDO Australia
- Year-End Accounting Checklist for 2022 – Accountancy Cloud
- Tax Planning End Of Financial Year Checklist – 2022 Financial Year – Prime Time Advisory
- The Ultimate SMSF End of Financial Year Checklist 2022 – smsfcoach.com.au
- Year End Tax Strategies For Property Investors – Bantacs
- End of Financial Year Super Contributions Checklist – REST Super Fund
- EOFY checklist for businesses: 2022 edition – MYOB
- End Of Financial Year Checklist – Small Business WA
- 2022 Overview of Key Tax Changes – ATO
2021
- Year End Tax Planner & Tax Bulletin – BDO
- Spectrum Financial Year End Strategies Newsletter 2021
- 2021 Tax Return Checklists – Ban Tacs
- Last Call: Finalise and implement your tax plan now – Rosenfeld Kant
2020
- 2020 EOFY tax planning checklist – Bentleys
- Accounting and Tax Treatment of the Cash Flow Boost and JobKeeper – Tax & Super Australia
- Year-end tax planning and the impacts of COVID-19 – Pitcher Partners
- End of Year Tax Strategies 2020 – Bantacs
- Tax Return Checklists 2020 – zanacorp.com.au
- 2020 end of year tax planning strategies – Hunt & Company
- 30 June 2020 Year End Tax Planning – UHY Haines Norton
- Year end tax planning in a pandemic: this year’s top 10 “must-dos” – McCullough Robertson
- Year end strategies 2020 – HLB Mann Judd
- Tax Tips 2020 – CPAA
2019
- How to be in good tax health by 30 June – Nexia
- BDO 2019 Year End Tax Update – BDO
- 2019 Year End Tax Planning Guide – Sheridans
2018
- 2018 EOFY Tax Planning Checklist – Moore Stephens
- BDO 2018 Year End Tax Update – BDO Australia
- End of year 2018 SMSF issues – Tax Institute blog
2017
- BDO 2017 Year End Tax Update – BDO Australia
- Checklist of Tax Changes Taking Effect in 2016/17 – Wolters Kluwer
2016
- BDO 2016 Year End Tax Update – 1 July 2016
- Your SMSF year-end checklist 2016 – see SuperMate.com.au – retrieved 29 May 2016
2015/16 Financial Year End Tax Strategies – Bantacs – retrieved 29 May 2016
2015 and earlier
- 2015 Year end Tax Bulletin and Tax Planner – BDO – retrieved 17 June 2015
- 2014/15 Financial Year End Tax Strategies – Bantacs Accountants – retrieved 10 June 2015
- SMSF deductions & year end checklist
See also:
This page was last modified 2022-06-01