Talking Cents

Astonishing Land Tax increase, by your small business accountants in Melbourne

After the recent announcements about the Land Tax increase, a lot of property and land investors might be getting a big shock. Our small business accountants in Melbourne will tell you about the recent Land Tax soar!

Brian O’Neill has released an astonishing tax bill rise, which is being swept across Victoria, it is being hit with a near 1200 per cent increase in land tax over 12 months. This means that tax went from a minor $5,300 to a ridiculous $67,900!

With this being in play now, it is essential for all land owners to contact their accountants or business accountants in Melbourne to ensure that they start budgeting accordingly!

As always, if you need help with any of the current changes to regulations be sure to contact our accountants for small business in Melbourne.