Enterprise Tax Bill passes

Enterprise Tax Bill passes

Finally after some much needed discussions and bargaining the Federal Government it seems has been able to get most of its small business tax cuts through parliament with the commencement date for the increase in the company turnover threshold to $10 million from the...
2016 Federal Budget Summary

2016 Federal Budget Summary

On Tuesday 3 May 2016 the New Treasurer Scott Morrison released his 1st Federal Budget. The Treasurer stated the budget was “not just another budget but in fact was an economic plan to head into a diverse new world economy for Australia”. The Treasurer...
Enterprise Tax Bill passes

Salary Sacrifice

Salary packaging (also known as salary sacrificing) can help boost your superannuation savings and may reduce the amount of tax you pay as well. To encourage Australians to save more for their retirement, superannuation has a concessional rate of tax. Contributions...
Enterprise Tax Bill passes

Fringe Benefits Tax

Fringe Benefits Tax – the end is near! The FBT year ends on 31st March and there a couple of items to keep in mind, please make a note of your work vehicle(s) odometer reading on 31st March 2016. We will be asking for that reading when preparing your business tax...
Enterprise Tax Bill passes

New Laws from 1 July 2016

New laws come into force from 1/7/16 in relation to what advice and services can be provided by accountants in relation to superannuation. From this date accountants will not be able to provide advice in relation to setting up, winding up, contributions and pension...