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 Read more about 2018 Budget, Tax Planning & Newsletter[…]

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 Read more about 2018 Tax Planning, FBT, and more![…]

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 Read more about End of year is next week. Really?[…]

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 Read more about Tax Planning – 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 Read more about Business Matters – May 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 Read more about Profit Improver – April 2014[…]