The total approximate savings from scrapping both the FTB Part B and the Schoolkids Bonus would be $5.9 billion each year. Therefore, the abolishment of Family Tax Benefit (FTB) Part B and the Schoolkids Bonus, while redesigning Family Tax Benefit Part A to reduce middle-class welfare and insulate low-income families from the former. The plan … Continue reading Redesigning Family Tax to Benefit Low Income Households
Australian taxpayers are to be slugged an extra $38.5 billion in tax hikes over the next 4 years without notice. While, the cumulative cost of bracket creep is forecast to be $50.9 billion by 2018-19. Bracket creep is when inflation pushes additional earned income into higher tax brackets. Legislative inaction causes bracket creep to be … Continue reading Bracket Creep in Australia
Following on from my article on Management Information Systems & You. What are business processes and why are they useful? A business process is a series of tasks or steps designed to produce a product or service. “A business process is a structured network of activities, roles, resources, repositories and data flows that interact to … Continue reading Business Processes & Information Systems
Why learn collaboration skills? Collaboration can be like a game of sports, as in tennis or golf you require a certain degree of skill. The skill you start with is often basic knowledge from watching games or playing in the school sports team. In order to improve your skills you need to train often, either … Continue reading Improving Collaboration Skills In The Workplace
Payroll tax is a levy on the value of certain types of income paid within a particular state or territory by employers to, or on behalf of, their employees. Although, it is a state tax different jurisdictions have different rates and deduction thresholds. The total approximate savings from abolishing the payroll tax would be $22,240 … Continue reading Payroll Tax in Australia
Economic Factors This chapter seeks to explore the economic factors for “[Levi Strauss & Co., being] one of the world’s largest brand-name apparel marketers with sales in more than 100 countries” (Vrontis & Vronti, 2004, p.392). Focus is placed on the current impact of ever-expanding regulation on consumer choice, economic decision-making, pursuits in producing goods/services, … Continue reading Economic Factors & Competitor Analysis for Levi Strauss
Income splitting is when double income households are able to spread their collective income over both incomes, considering you are self-employed. In order to lower each under the tax free thresholds. This means a family can gain more savings from income tax from having two incomes. The use of these arrangements are used to create … Continue reading What does income splitting mean for Australian households?