by epoch | May 6, 2025 | eNews
It has been a long time coming, but the Government finally passed legislation increasing the instant asset write-off threshold for the year ending 30 June 2025 to $20,000. This was announced in the 2024-25 Federal Budget, but the Government faced several hurdles in...
by epoch | May 6, 2025 | eNews
With the end of the financial year (EOFY) fast approaching, we look at tax planning and outline some opportunities to maximise your deductions and give you the low down on areas at risk of increased ATO scrutiny. Opportunities Bolstering superannuation If growing your...
by epoch | Apr 8, 2025 | eNews
The amount of money that can be transferred to a tax-free retirement account will increase to $2m on 1 July 2025. Each year, advisers await the release of the December inflation statistics. The reason is simple: the transfer balance cap – the amount that can be...
by epoch | Apr 8, 2025 | eNews
The superannuation guarantee rules are broad and, in some circumstances, extend beyond the definition of common law employees to some directors, contractors, entertainers, sports persons and other workers. Employers need to pay compulsory superannuation guarantee (SG)...
by epoch | Apr 8, 2025 | eNews
From 1 July 2026, personal income tax rates will change. On the last sitting day of Parliament, the personal income tax rate reduction announced in the 2025-26 Federal Budget was confirmed. The modest reduction of 1% applies to the $18,201-$45,000 tax bracket,...
