Welcome to our March 2023 Client Bulletin Contents End of the FBT year fast approaching What’s the Deal with Working from Home? What will the ATO be Asking about your Holiday Home? Future earnings for super balances above $3m taxed at 30% from 2025-26 1 July 2023 Super Balance Increase but no Change for…
Welcome to our October 2022 Client Bulletin Contents To cuts or not to cut? Stage three personal tax cuts COVID downgraded but not gone States move on property based taxes ATO contacts ‘at risk’ professional services firms 1 October minimum wage increase Director ID number deadline looming Australian super funds gorge on cryptocurrency Lessons from…
Welcome to our September 2022 Client Bulletin Contents 120% deduction for skills training and technology costs How to sell your business Acquiring collectibles inside your SMSF Have you registered your .au domain? 120% deduction for skills training and technology costs The 2022-23 Budget proposed a 120% tax deduction for expenditure by small and medium…
Welcome to our June 2022 Bulletin Contents ATO ramps up heat on directors 120% deduction for skills training and technology costs Fuel tax credit changes What’s changing on 1 July 2022? Can I claim a tax deduction for my gym membership? ATO ramps up heat on directors Over the past few months, the ATO have…
Welcome to our November 2021 Bulletin Contents How to set up your Director ID SMSF Covid-19 Audit Relief Extended Overseas gifts and loans in the spotlight Tax and the Normalisation of Cryptocurrency How to set up your Director ID Directors are now required to register for a unique identification number that they will keep for…
Welcome to our October 2021 Bulletin Contents Unwinding COVID-19 Relief SME Recovery Loans What happens to your superannuation when you die? Recruiting new employees? The 1 November superannuation rule changes Unwinding COVID-19 Relief COVID-19 support will roll back as states and territories reach vaccination targets. The National Plan, the road map out of COVID-19, does…
Welcome to our August 2021 Client information Bulletin Contents 6 Member SMSFs – the issues and opportunities Business in a post pandemic environment The National Plan’s impact on business New laws target sharing economy platforms 6 Member SMSFs – the issues and opportunities From 1 July 2021, the maximum number of members a Self Managed…
Prior to year-end it is worthwhile reviewing superannuation contribution as to the types of contributions that can be made and the amounts that can be paid to ensure contributions have been optimised for 2020-2021 year and also that they are within what is allowable. For information purposes we have provided details below on the Superannuation…
There are a few changes and developments coming to Superannuation Guarantee which all employers and employees need to be aware of. Rate of Superannuation Guarantee increases to 10% Effective from 1 July 2021, the minimum rate of Superannuation Guarantee will increase from 9.5% to 10% of an employee’s ordinary time earnings. Superannuation Guarantee does not…
Contents For You & Your Family Your Superannuation Business & Employers Education, skills & training Government & regulators Other The economy Budget 2021-22: The Balancing Act Budget The 2021-22 Federal Budget is a balancing act between a better than anticipated deficit ($106 bn), an impending election, and the need to invest in the long term.…