An update following on from the Queensland election, the changes to payroll tax which the LNP state government promised to act on and steps by the other states now towards favourable payroll tax changes.

What are the implications of the QLD LNP’s abolishment of Payroll Tax for GP practices? We at Doctors Wealth look forward to advising clients of this significant change, hoping the detail is as good as the announcement.

The 2024 Federal Budget was announced on Tuesday, 14th May. It remains to be seen whether the government can avoid the Budget spending stoking inflation, and any resultant impact on interest rates.