The 2016/17 Federal Budget included several key announcements targeted towards individuals and families, including personal tax cuts for middle income owners, increases to the Medicare threshold for low-income earners and a new employment program for unemployed youth.…
The Government has introduced a series of dramatic changes to the concessional tax status of superannuation. The reforms will change many of the strategies advisers currently utilise to maximise benefits for clients. Lifetime cap on…
If your business is in the hospital/non-profit sector and uses salary packaging for team members, you’re a small business, or provide team members with a gym or space to do yoga, then there are a…
It’s that time of year again - what to do for the Christmas party for the team, customer gifts, gifts of appreciation for your favourite accountant (just kidding). Here are our top tips for…
The thought of the Australian Tax Office (ATO) sharing up to 50% of any gain you make on an investment decision is enough to strike fear into the hearts of most people. Given Australia’s love…
Fifteen years after the introduction of the GST in Australia debate still rages over what should be taxed and whether the GST rate should increase. Unless the Government changes the GST Act, any change requires…
In a recent speech, Small Business Minister Bruce Bilson stated that a lot of his time talking about the $20,000 immediate deduction for small business was convincing people it was not a hand out. “I…
Last week the Federal Government passed $2.4bn of changes to the pension, which will reduce pension cheques for 235,756 seniors, cut 91,378 people from the part-pension and give 171,658 retirees about $15 a week extra.…
So your business has a turnover under $2 million and you want to know how to use the $20,000 immediate tax deduction that’s been all over the news? Before you start spending, there are a…
Last night Treasurer Joe Hockey presented his 2015/16 Budget, which on close analysis, appears to be highly targeted and seeks to keep change within community tolerance levels. Like all budgets, there are winners and losers.…
