by Dave Murray | Jun 12, 2024 | Latest News
Rates are rising across the country, with a recent economist’s report showing an average expected rise of 15%. This is the largest rise the country has seen since 2003, which begs the question, where is all the money going? Inflated construction costs and widening...
by Dave Murray | Jun 12, 2024 | Latest News
A brief summary of the tax changes included in the 2024 budget. Income Threshold (existing) Income Threshold (from 31 July 2024) Tax Rate (%) $0 – $14,000$0 – $15,60010.5$14,001 – $48,000$15,601...
by Dave Murray | Jun 11, 2024 | Latest News
Along with changes to the interest deductibility rules, legislation has been passed which repeals the current bright-line tests, replacing them with a new (or old) 2-year test. The changes repeal all of the previous tests and replaces them with a 2-year test...
by Dave Murray | Jun 10, 2024 | Latest News
With the new Government now firmly settled in, legislation has been passed which reverses the interest deductibility limitation rules that were introduced by the previous government in 2021. As detailed in the legislation, the new rates are as follows: Date interest...
