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...
by epoch | May 9, 2018 | eNews
Reward for work is a dominant theme in this year’s Budget. The seven year personal income tax plan initially targets low to middle income earners before making significant changes to the tax brackets. Innovation continues to be the Government’s mantra with the medical...
by epoch | May 2, 2018 | eNews
The family home of foreign residents and expats may be taxed if legislation before Parliament is passed by the Senate. If you are a foreign resident living in Australia or an Australian working overseas who owns residential property in Australia, this reform...
by epoch | May 2, 2018 | eNews
The Labor Party has taken a pre-election strike by promising to remove the GST on tampons if they are elected. At present, tampons and other sanitary products, like razors for shaving and nappies, are considered consumables and GST applies. Incontinence pads however,...
