2018-19 Federal Budget

2018-19 Federal Budget

PERSONAL TAXATION Personal tax offsets The Government announced a tax relief for low and middle income earners. The non-refundable low and middle income tax offset from 2018–2019 to 2021–2022, is designed to provide tax relief of up to $530 for each of those years....
Major Tax Changes in 2018

Major Tax Changes in 2018

This financial year, the ATO have introduced many changes to legislation, some of which are summarised below: Deductible superannuation contribution cap reduction to $25,000 per annum & non-deductible contribution cap to $100,000 per annum. Changes to...