05/06/2024
Great news! Starting 1st July 2024, the Stage 3 Tax Cuts are coming into effect in Australia! 🎉 This means more money in your pocket and greater opportunities to grow your business. 💼✨
From 1 July this year, these changes will:
reduce the 19 per cent tax rate to 16 per cent
reduce the 32.5 per cent tax rate to 30 per cent
increase the 37 per cent tax threshold from $120,000 to $135,000
increase the 45 per cent tax threshold from $180,000 to $190,000.
