by LBWCA | Mar 8, 2017 | Accounting, Accounting & Tax
On 9 May 2017, the Government announced an extension to the 2015-16 Budget measure providing an instant asset write-off provision for small business. Small businesses can immediately deduct the business portion of most assets if they cost less than $20,000 and were...
by LBWCA | Mar 1, 2017 | Business, SMSF
This is a reminder for everyone to check prior to 30 June 2017: Concessional Contribution – Check that you haven’t breached the $30,000 employer contributions limit (or $35,000 if you are over 50 years) if you have been salary sacrificing into super. If you do...
by LBWCA | Feb 20, 2017 | Business
The state budget usually plays second fiddle to the Federal budget however there were a few items worth noting in the most current Victorian State Budget including: From 1 July 2017 property transfers between spouses involving commercial properties or investment...
by LBWCA | Feb 10, 2017 | Business
Scott Morrison handed down his Federal Budget for 2017-18 last night. He believes the budget will secure better days ahead and uses the catch cries of Fairness, Opportunity and Security. According to the Treasurer we have choices to make and he believes the budget is...
by LBWCA | Jan 20, 2017 | Personal Wealth, SMSF
For all those clients who had a strategy of contributing to superannuation the maximum amount allowed and then take a pension out of their super fund, the window of the benefits of this strategy is about to cease from 1 July 2017. From 1 July 2017 the Government has...
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