Australia's new tax cuts

Under the Australian Government’s new tax code, individuals making less than $150,000 stand to see significant tax benefits starting this July.

Author

Maziar Foroudian
January 27, 2024

Sponsored by

Latest Stories

Under the Australian Government’s new tax code, individuals making less than $150,000 stand to see significant tax benefits starting this July. But, will the changes bring an added compliance burden to small businesses? Read on to find out.

Autodesk acquires Payapps, a global provider of construction payment management solutions. This move provides Autodesk customers with tools for streamlining financial flow, automating processes, and enhancing the construction experience, saving nearly 350,000 hours of work annually.

Navigate the complexities of Australia's strict new privacy laws with insights from a data privacy expert. Learn how a robust privacy plan could help shield your small business from risk, reputational damage, and hefty fines.

Want to revolutionize your ecommerce customer service? Discover DigitalGenius: the AI-powered platform that tailors customer experience using advanced analytics, generative AI and seamless integration, ensuring satisfaction while preserving brand identity. Upgrade your customer interactions today.

4M+ professionals read this free business newsletter.

Welcome to Morning Brew, where staying informed doesn't mean hitting snooze 😴

Every day, Morning Brew’s team of expert writers craft a newsletter packed with quick, witty, and digestible insights on top business news. We keep you in the know—and fit seamlessly into your morning routine.

Best part? It’s 100% free 💥

Top stories

Australia Day Honours 2024 celebrates small business leaders, startup luminaries, and advocates for local traders who have made significant contributions to their communities and the business sector.

Learn the hard-won lessons of growing a startup from SproutX, Australia's leading agtech accelerator program. Discover the secrets to success from industry leaders and mentors.

Australia

The debate over Australia Day's date continues to divide the nation, with retailers refusing to stock merchandise and politicians calling for boycotts. But could a simple compromise end this controversy?

The Albanese government's proposed adjustments to income tax cuts are causing compliance costs for small businesses, prompting calls for broader tax reform. Accountants and tax professionals are seeking more meaningful changes to Australia's tax system to promote economic growth and productivity.

Australian Economy

Insurance premiums on home and car insurance have been skyrocketing, putting affordability in the spotlight. If prices continue to rise, consumers may drop coverage and the government may step in.

In a world filled with confusing economic statements, deciphering Anthony Albanese's proposed changes to tax cuts can be daunting. Economist Ross Gittins breaks it down, offering three approaches to help you make sense of it all.

The Australian government's plan to raise qualifications for sophisticated investors risks stifling innovation and driving talented entrepreneurs to seek opportunities in more investor-friendly ecosystems abroad. Policymakers must balance investor protection with fostering innovation and investment in the startup sector.

India

A UK delegation led by British PM Rishi Sunak's chief economic adviser is in India, desperately trying to secure a free trade deal. But the chances of success seem slim.

US lenders have filed a petition to start insolvency proceedings against edtech company Byju's, blaming the firm's management for their financial issues.

World

The Federal Reserve's cautious approach to easing monetary policy is reinforced by the rapid economic growth rate seen in the last three months of 2023. Will there be rate cuts? Find out.

The US GDP report has shown unexpected strength, painting a picture of a "soft landing" scenario for the economy and raising optimism about potential interest-rate cuts and stock market gains.

As the US economy expands, concerns of an impending recession loom. With experts predicting a slowdown and possible recession, the future is uncertain. Will the Biden administration's policies and the Federal Reserve's actions be enough to keep the economy afloat? Only time will tell.

Salesforce Inc is set to lay off around 700 employees, becoming the fourth major tech company to trim its workforce in 2024 after Google, Twitch, and Amazon. The layoffs come after a tough year for Salesforce due to the post-pandemic slowdown.

Tech

Google has unveiled Lumiere, an AI video generator capable of creating photorealistic videos from text prompts. With its advanced capabilities, including animation and editing, there is concern about the potential for misuse and the need for tools to detect biases and harmful content.

A new report reveals that iPhone apps are secretly gathering data through push notifications, even when the apps are not in use. This invasive practice allows developers to collect user information without their knowledge.

Apple finally allows third-party video game streaming apps on the App Store, making it easier for gamers to enjoy console and PC-quality games on-the-go. No more clunky mobile browser streaming. Finally, some good tech news.

Major players in the gaming industry, including Riot Games, Twitch, and Unity Software, are laying off employees, causing concerns about the state of the industry. This year is projected to be slower than previous years, leading companies to cut costs to stay competitive.

Curated for you

In today's competitive business landscape, strategic collaborations are essential for success. Discover the benefits and key steps to establish successful partnerships that drive growth and innovation in your company.

In the ever-evolving landscape of remote work, it is crucial to infuse life into the veins of the work culture. This article explores 10 innovative strategies to create a thriving ecosystem of productivity, connectivity, and shared human experience. From gamified goal-setting to unplugged retreats, it's time to revolutionize the way we work. Let's define the future of work together.

Inefficient payroll systems can have negative impacts on employee morale, legal compliance, financial accuracy, and administrative burdens. Investing in reliable and efficient payroll solutions is essential for organizations to ensure employee satisfaction and overall success.

Contribute to Dynamic Business

Join our network of contributors and get your voice heard. We will send you weekly call outs asking for commentary, quotes and articles for our “Let’s Talk”, “Tech Tuesday”, and “Founder Friday” features as well as interview opportunities and general inquiries. You are welcome to subscribe to the list and start contributing to Dynamic Business.