2022 Federal Budget

The 2022-23 Federal Budget has been released. What’s in it for you includes: Individuals Low & Middle Income Tax Offset has a One Off Increase of $420 to $1,500. This is received as a rebate on lodgement of your 2022 Tax Return from 1 July this year. Costs of...

2022 Federal Budget – Superannuation

The 2022-23 Federal Budget has been released. What’s in it for you includes: Superannuation Extending the 50% reduction of the Minimum Drawdown of Pension Payments for Account Based Pensions to 30 June 2023. The Super Guarantee rate to increase to 10.5% on 1 July as...

Are You a Director of a Company?

If Yes, then you need to take action and are now required to apply for a Director ID with the Australian Business Registry Services (ABRS). If No, then No action is required. A Director ID is a unique identifier in dealing with ASIC that a Director will keep for life...

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 – Superannuation

The 2021-22 Federal Budget has been released. The Main Points include: Superannuation Super Guarantee Contribution (SGC) rate on Wages is to increase to 10% on 1 July 2021. Subsequently Increase to 10.5% on 1 July 2022 and keep increasing until it reaches 12% on 1...
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