Budget 2014/15: Health
$7 fee for going to the doctor A patient contribution of $7 will apply for visiting a doctor. Concession card holders and children under 16 will not pay the fee until they reach 10 visits…
Budget 2014/15: Superannuation
Super Guarantee rate increase rephasing Some clarity at last on what is happening with the superannuation guarantee (SG) rate. The previous Government introduced changes to the superannuation guarantee rate to bring it up to 12%…
Budget 2014/15: Business
The good news for business is that the decrease in the company tax rate from 1 July 2015 is safe for now. The bad news is that there are a series of other costs to…
Budget 2014/15: Individuals
For high income earners, the Budget announcements will mean that you are ‘contributing’, as the Treasurer says, more than ever. Don’t forget that for most taxpayers, your effective tax rate will increase from 1 July…
Tax changes for 2014
Normally we wouldn’t advise you of potential tax changes until we were absolutely certain that they were going to happen. But this potential tax change is a bit different because if the change goes ahead,…
Changes to FBT arrangements
The Prime Minister and the Treasurer have announced that the Government will change the FBT arrangements relating to motor vehicles as part of the saving measures to fund the proposed changes to the Emissions Trading…
Overcoming business challenges
Overcoming the biggest problems in business often comes down to the simple things. Here are a few simple things you can do to capitalise on your opportunities and reduce your risks in 2013/2014. “I didn’t…
Accessing your company profits
One of the benefits of operating a business through a private company is the ability to access a flat 30% tax rate on profits. However, shareholders often forget that the 30% corporate tax rate is…
Tax planning for the new year
The countdown to the end of the financial year is on and that means you should start to focus on your end of financial year position and any tax planning that is appropriate for you.…
2013 Federal Budget
The Federal Government's 2013 Federal Budget was released earlier this week. The following summarises the key financial planning measures announced. Superannuation Superannuation Measures announced 5 April 2013 Raising the concessional contributions cap to $35,000 for…
