Interest deductibility on property investments is now being phased in with 80% allowable from 1 April 2024
The interest deductibility rules have been a hot button issue since they were introduced. They will start to be phased out from the 2024-25 tax year as residential property investors breathe a sigh of relief.
Minimum wage increases to $23.15 per hour
The minimum wage is rising as of April 1, 2024 to $23.15. As an employer, you’ll need to keep up to date with the latest minimum pay rates and pay your employees at least the current minimum rate.