Proposed Tax Changes for Individuals from 1st July 2024
Stage 3 income tax cuts for individuals to be changed The government proposes to re-instate the 37% tax rate for middle income earners that would otherwise be abolished under the legislated "Stage 3" tax cuts and lower the tax rate for low income earners from 19% to...
Relevant Tax Guide to the Federal Budget 2023
Relevant Tax Guide to the Federal Budget 2023 Treasurer Jim Chalmers has delivered his second Budget. We set out a summary of the key measures announced, and what they mean for you and your business. INDIVIDUALS No changes to personal tax rates The Government...
Binding Death Benefit Nominations in SMSFs Don’t Expire After 3 Years
For many people, the family home and their super balance are their largest assets. A binding death benefit nomination (BDBN) can be a useful tool in deciding who will benefit from your super when you die.
Employer super obligations changing from 1 July 2022
From 1 July, employers’ obligations to pay superannuation on behalf of employees will be changing. It is critical to ensure your payroll system is up to date, as the penalties for missed employee superannuation obligations can be severe.
Relevant Tax Guide to the Federal Budget 2022
As we now allow ourselves the indulgence of thinking about a post-pandemic world, the goal of the 2021 Federal Budget is to support our economic recovery.
Updates to grants for lockdown-impacted businesses
Updates to grants for lockdown-impacted businesses The Queensland State Government has provided further clarity in relation to the grant available for small business and businesses operating in the tourism and hospitality sector, affected by the latest lockdown....
June 2021 Newsletter
What needs to be done before 30 June 2021? Superannuation Contributions If you would like to claim a deduction in the 2021 financial year, make sure payment is made to Industry Superannuation Funds by 22 June 2021 to allow them to accept the contributions....
Your Guide to the 2021 Federal Budget
As we now allow ourselves the indulgence of thinking about a post-pandemic world, the goal of the 2021 Federal Budget is to support our economic recovery.
Directors’ Exposure To Company Debts Expanded Again
A new law is about to commence which, if triggered, will treat you as continuing to be a director of a company after you have resigned. That means continued exposure to all the laws that can make you personally liable for company debts.
JobMaker Hiring Credit
As many of the Government incentives introduced during COVID-19 start to dwindle away, the Government are promoting businesses to grow and hire additional employees through the JobMaker Hiring Credit.