Business Articles
2021 Federal Budget
The 2021-22 Federal Budget has been released. The Main Points include: Individuals The Low & Middle Income Tax Offset has been Retained for the 2021-22 Financial Year. Continuing this tax offset provides a rebate of up to $1,080 each on lodgement of an Individual...
2021 Federal Budget – Business
The 2021-22 Federal Budget has been released. The Main Points include: Business Businesses can fully expense depreciating assets up to 30 June 2022 where their turnover is under $5 Billion. Government Assistance of $2.1 Billion in targeted support for aviation,...
Contribution Caps Increasing from 1 July 2021
The ATO have announced that the Contribution Caps for Super are increasing from 1 July 2021. The new Contribution Caps will be: Concessional Cap of $27,500. (Up from $25,000) Non Concessional Cap of $110,000. (Up from $100,000) The Concessional Cap is for super...
2020 2nd Stimulus Package
The Federal Government has released a Second Economic Stimulus Package of $66 Billion now making their response in value of up to 9.7% of GDP. Here are the benefits you may be eligible for: -$750 Payment to Social Security, Veteran, other Income Support recipients,...
2019 Federal Budget Changes
2019 Federal Budget Changes - Individuals Increase the Low and Middle Income Tax Offset from 1 July 2018 for this Current 2019 Financial Year from $530 up to a maximum $1,080 to be received on assessment. To provide an immediate benefit to assist families with...
2019 Federal Budget Changes – Businesses
Increase the Instant Asset Write Off from $25,000 to $30,000 and Extend it to Medium Businesses The Government has announced that it will increase the instant asset write off from $25,000 to $30,000 from 2 April 2019 to 30 June 2020 for Small Businesses with an...
Single Touch Payroll
Single Touch Payroll (STP) has been extended to apply to employers with less than 20 employees from 1 July 2019. The Legislation has been passed by the Federal Government. Employers will need to register with the ATO and make sure they are ready to report wages, PAYG...
2018 Tax Planning Options (Video)
https://youtu.be/Pp31pg54LN4
2018 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!...
2018 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...
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