Latest News

See below for updates for Tax Determinations, Australian Taxation Office warnings, annual federal budget, income tax return checklists and changes in legislation for superannuation, small business, individuals, trusts and partnerships.

July 2017

Important updates in relation to the 2017/18 budget measures including:

  • Extension of the $20,000 Small Business Immediate Deduction Threshold
  • Removal of the 2% Temporary Budget Levy for individuals with a taxable income exceeding $180,000, 
  • Changes to BAS & GST reporting and;
  • Changes to deductions for personal  super contributions.

Click here to read more.

2016/17 Tax Saving Strategies

A must read for Individuals and Businesses with our yearly checklist for tax saving strategies for 2016/17;

Key notes for Individuals:

  • Depreciable Plant - assets costing $300 or less,
  • Clothing Expenses,
  • Self Education Expenses,
  • Other Work-Related Expenses,
  • Rental Property Expenses and;
  • Home Office Expenses.

Key notes for Businesses:

  • Prepayment Strategies,
  • Maximising Deductions,
  • Accelerating Expenditure and;
  • Accrued Expenditure.

Click here to read more to minimise your 2017 tax.

If you have any queries, or would like to discuss tax saving strategies further, please do not hesitate to contact us.

June 2017

Stay up to date with the latest on the 2017/18 budget including:

  • Increases to the Medicare Levy by 0.5%,
  • Changes to depreciation deductions for residential properties and;
  • Changes to eligibility of a Small Business Entity(SBE) and the benefits.

Click here to read more.

May 2017

Big news coming into the May 2017 Budget including Company tax cuts, costs of travelling for the preparation of tax returns, new FBT benchmark interest rate for 2017/18 and more.

Click here to continue reading!

April 2017

This month includes news from the ATO in relation to reduction in FBT rates from 1 April 2017, planned changes to GST on low value imported goods, and changes to Superannuation that may require action by 30 June 2017.

Click here to read more.

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