Page 10 - Matt Jack News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Australian plumbers, carpenters, electricians and farmers have been given a significant boost in the Budget - allowing them to instantly write off the cost of new equipment. Tradesmen with their own business can buy new utes and immediately claim them as tax deductions as part of the instant asset write-off scheme Treasurer Josh Frydenberg extended for a year in Tuesday's Budget. Farmers meanwhile can buy new tractors and claim the cost back through the government's 'full expensing' scheme. Any assets first used or installed by June 30, 2023 are eligible.   Tradesmen and women can buy new u...

Australians will live it up in a booming, Covid-free economy over the next two years - but the majority of the population will have to live in a virtual hermit kingdom until at least mid-2022.  That is the bargain Treasurer Josh Frydenberg tried to strike with the country on Tuesday night as part of Prime Minister Scott Morrison's plan to win a fourth consecutive term for the Coalition in extraordinary times. The government has extended tax breaks for 10 million Aussies, increased welfare for those looking for jobs, reformed childcare to save 250,000 families an average of $2,200 a year, and...

Ten million Australians will get a big tax cut worth up to $1,080 as part of a federal budget designed to cement the nation's rapid recovery from last year's Covid-induced recession. But the sweetener comes alongside grim news that overseas holidays will be off the cards until mid-2022 except for travel bubbles with safe countries such as New Zealand as the deadly disease continues to ravage the world. The budget's flagship policy is an extension of the lower and middle-income tax offset – which gives Aussies who earn less than $126,000 a big boost when they submit their tax returns. Austra...

Single parents who want to buy a home, school leavers and retirees who want to boost their superannuation accounts are set to be big winners from this year's federal Budget.  Treasurer Josh Frydenberg will deliver his second Budget speech in seven months at 7.30pm on Tuesday as he aims to rebuild an economy that was sent into recession by the coronavirus lockdowns. Mr Frydenberg is already planning more big spending next financial year, with Deloitte predicting a Budget deficit of $87 billion, a figure well below this year's estimated $167 billion shortfall. 'We won't be undertaking any sha...

On Tuesday at 7.30pm Josh Frydenberg will hand down the federal budget  His focus is on supporting the economy to recover from Covid-19 pandemic  Treasurer also set to announce axing of threshold for employers to pay super Means workers do not need to earn $450 a month before employers contribute  Worker on $400 a month is $450 better off within a year of change being made