Posts Tagged ‘tax’
Legislation changes to super – benefits individuals aged 60+ and First Home Buyers
Proposals from the 2021 Federal Budget in relation to superannuation have now passed legislation and will come into effect on 1 July 2022. Benefits include savings opportunities and tax reduction measures especially for people aged 60+ and first home buyers. Benefits to people aged 60+: Individuals aged between 67 and 75 will no longer be…
Read MoreTax debt will impact your credit rating
Earlier this year, the Morrison government passed a new set of laws empowering the ATO to report business tax debts of more than $100,000 that are over 90 days late to credit reporting firms. This will impact a debt holder’s ability to get credit or finance on both a business and a personal perspective. This…
Read MoreWhy you need to think about tax now (not just in June)
You need to think about tax now, because it will save you money. At this point of every year, we recommend all businesses participate in a pre-June review of your tax structure, commitments and obligations so that you can plan and save. An effective Pre-June review will involve a 1:1 deep-dive with your accountant on…
Read MoreFederal Budget 2020 – What it means for you
Budget night is always full of opinion and commentary, sometimes it can be difficult to identify the facts. We’ve cut through the noise to highlight the items that we think will affect your hip pocket… Individuals: Income tax cuts Low-and middle-income earners who earn below $180,000 will see a tax cut equaling between $500-$2,745…
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