Tag: tax planning


2018 Budget, Tax Planning & Newsletter

08

May 2018

2018 Budget, Tax Planning & Newsletter

  Newsletter Budget! The Australian Federal budget has come and gone for another year. Below is a very brief summary of the budget’s key items. A shake up of the personal income tax rate brackets. Most Australians will pay less tax under the proposed approach although the full effect of the changes won’t take place for a number of years. We will have to wait...

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2018 Tax Planning, FBT, and more!

15

Mar 2018

2018 Tax Planning, FBT, and more!

  Newsletter Tax planning The end of the financial year is fast approaching. Using your last 9 months of data we can estimate your tax position for the year ended 30 June 2018 allowing sufficient time to implement tax planning strategies. Please contact our offices if you are interested in tax planning. Tax planning includes but is not limited to:   Deferring assessable income Accelerating...

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End of year is next week. Really?

22

Mar 2015

End of year is next week. Really?

Do you know when the calendar year ends or when the financial year ends? Spare a thought for the poor Fringe Benefits Year End (next week – 31 March) which receives little fanfare although it affects many of us. Do you: Salary package. Work for a community organisation or large institution such as a public hospital. Use a car that is not held in your...

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Tax Planning – 2014

15

Jun 2014

Tax Planning – 2014

Last Minute Tax Planning Tax planning isn’t limited to the last few weeks of the tax year.  The best tax planning forms part of your business structuring and is incorporated into decisions throughout the year.  Having said that we appreciate that most business owners are very busy so we have listed a few last minute tax planning ideas: What is new? There are two interesting...

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Business Matters – May 2014

22

May 2014

Business Matters – May 2014

How to avoid the 45% tax rate? Did you know that income remaining in a trust is taxed at 45%? It is imperative that any trust income is correctly allocated before 30 June 2014 to avoid horrible tax outcomes. To achieve the best outcome you should: understand your tax position for the year ended 30 June 2014 prepare an effective tax plan for the remainder of this...

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Profit Improver – April 2014

22

Apr 2014

Profit Improver – April 2014

Tax planning The end of the financial year is fast approaching. Please contact our offices if you are interested in tax planning. Tax planning includes but is not limited to: Deferring assessable income Accelerating deductions Capital Gains Tax Debt & Equity implications Salary sacrificing Low income tax offsets Superannuation Non commercial losses Trust distribution calculations and resolutions Unpaid present entitlements Closely held trust measures Family...

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