by Jeremy Mohr | May 14, 2021 | Business, Individual, Self Managed Super Fund
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...
by Jeremy Mohr | May 12, 2021 | 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,...
by Jeremy Mohr | Mar 24, 2021 | Business, Individual, Self Managed Super Fund
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...
by Jeremy Mohr | Mar 23, 2020 | Business, Individual, Self Managed Super Fund
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,...
by Jeremy Mohr | Apr 4, 2019 | Business, Individual, Self Managed Super Fund
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...
by Jeremy Mohr | Apr 4, 2019 | Business
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...
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