The income tax reduction bill may have passed yesterday (37 to 33), but although it will be nice to get an extra rebate for the 2018 financial year don’t get too excited just yet – the cuts are progressive over the next 7 years, and with much opposition from the Opposition and Greens, it will be a hot election topic!
How much do you know about your family finances?  Who holds the knowledge and therefore holds the financial reins at home? It is important for both partners in a couple to have at least some awareness around what’s happening in this aspect of your lives – don’t fly blind as this recent article in the Canberra Times suggests many are doing….

Don’t forget, there’s only 7 business days until 1 July when Single Touch Payroll reporting starts for organisations with 20 or more employees! Smaller organisations should also put it on their To Do list, as the plan is for employers of all sizes to be reporting this way from next year. Confused about how this might affect your business? Perhaps your friendly Halletts accountant can help!