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2018 Tax Planning Options (Video)
https://youtu.be/Pp31pg54LN4
read more2018 Tax Planning Options
Want to Save Tax Now? Let Us Give You Direction. The 2018 Budget has pushed most of the proposed tax benefits to 2023 and 2025 financial years. How do you save tax now? Do the following Options Apply to You? Making Personal Super Deductions is a great way to Save Tax!...
read more2018 Federal Budget Changes – Superannuation
Exemption from the Work Test To Make Personal Contributions in the First Ineligible Year From 1 July 2019, the Government plans to provide an exemption from the Work Test for people aged 65 to 74 for voluntary contributions to superannuation where there superannuation...
read more2018 Federal Budget Changes – Businesses
The $20,000 Asset Write Off Has Been Extended! The Government has announced in the budget that it will extend the $20,000 Asset Write Off for another 12 months to 30 June 2019 for businesses with an aggregated annual turnover of less than $10 million. Small businesses...
read more2018 Federal Budget Changes – Individuals
Personal Tax Cuts in a 3 Step Plan to be Implemented Over 7 years Step 1: Target Relief for Low and Middle Income Earners The government will introduce the Low and Middle Income Tax Offset (LAMITO) which is a non-refundable tax offset of up to $530 per year made...
read more2018 Federal Budget Changes
Personal Tax Cuts in a 3 Step Plan to be Implemented Over 7 years Step 1: Target Relief for Low and Middle Income Earners The government will introduce the Low and Middle Income Tax Offset (LAMITO) which is a non-refundable tax offset of up to $530 per year made...
read moreStep 4 in Maximising Superannuation
Step 4 in maximising your superannuation benefits is being proactive in the investment of your super. You need to make it work for you with income returns and capital growth but you also need to protect yourself from any market crashes and individual investment...
read moreStep 3 in Maximising Superannuation
Step 3 in maximising your superannuation benefits is utilising two of the four small business capital gains tax concessions being the Retirement Exemption and the 15 Year Exemption. You need to meet the basic conditions to be eligible to use these concessions which...
read moreStep 2 in Maximising Superannuation
The non-concessional contribution cap reduced to $100,000 per year from 1 July 2017 which changed the 3 year bring forward rule to $300,000. Non-concessional contributions are after-tax contributions that you contribute to your super fund. People between the ages of...
read moreStep 1 in Maximising Superannuation
The concessional contribution cap for deductible super contributions has reduced to $25,000 per year for everybody from 1 July 2017 except for an exemption for people with account balances of less than $500,000 from 1 July 2018 usable in 2020 FY. Concessional or...
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