by epoch | Jun 4, 2018 | eNews
No one wants to pay more tax than they need to or face unnecessary risks. We’ve compiled a list of our top tips for you. Donate – If you are going to donate to charity, now is the time. Any donations you make to deductible gift recipients can be deducted this...
by epoch | Jun 4, 2018 | eNews
Individuals Personal tax bracket changes- The top threshold of the 32.5% personal income tax bracket will increase from $87,000 to $90,000*. Introduction of the Low and Middle Income Tax Offset* providing a tax offset for those with taxable income of up to $125,333....
by epoch | Jun 4, 2018 | eNews
Employers that have fallen behind with their superannuation guarantee (SG) obligations will have 12 months to “self-correct” under a new amnesty announced late last month. The ATO estimates that $2.85 billion is currently owed in late or missing SG payments. Running...
by epoch | May 25, 2018 | eNews
Many of the reforms in superannuation impact on administration of funds, particularly large APRA funds. 3-year cycle for SMSF audits Date of effect 1 July 2019 SMSFs with a history of good record‑keeping and compliance – that is, three consecutive years of clear audit...
by epoch | May 17, 2018 | eNews
$20k Accelerated Depreciation Extended Date of effect current until 30 June 2019 The ability for small business entities to claim an immediate deduction for assets costing less than $20,000 has been extended until 30 June 2019. From 1 July 2019, the immediate...
by epoch | May 11, 2018 | eNews
Personal income tax cuts The anticipated personal income tax cuts will be delivered as part of a seven year plan culminating in the removal of one tax bracket from 1 July 2024. The Government states that the end result will be that around 94% of taxpayers will be...
