2023-24 Budget Wrap
The 2023-24 Federal Budget was handed down on 9 May. It contains changes to business and personal taxation, superannuation, social security entitlements, as well as cost of living relief. Following are some of the headline measures, many of which are subject to enabling legislation. Click Here to Download
Stage 3 Tax Cuts: A Tax Saving Opportunity? March 2024 Issue
Legislation giving effect to the government’s revised settings for the Stage 3 tax cuts has been passed by both houses of Parliament with the support of the Coalition. Click Here to Download
Six Super Strategies to Consider Before 30 June | April 2024 Issue
With the end of financial year fast approaching, now is a great time to boost your superannuation savings and potentially save on tax. Below are six superannuation strategies to consider before 30 June 2024. Click Here to Download
Compensation From Your Bank or Financial Institution – Is It Taxable? February 2024 Issue
Unfortunately our financial institutions have not always acted as ethically as we consumers would like. Click Here to Download
Reduce income tax using superannuation- Oct23 Newsletter
The cap on concessional contributions is currently$27,500 per year in 2023/24. However certain individuals may be eligible to use the “catch-up” concessional contribution rules to make a larger contribution Click Here to Download
Who Can I Nominate As My Super Beneficiary? November 2023 Issue
our superannuation death benefits must be paid to someone when you die. That somebody will usually be your estate or your nominated beneficiary (also known as your dependants). Click Here to Download
Thought of Registering a Trademark For Your New Business? September 2013 Issue
The ATO has issued a reminder around trademarks! For background, a trademark legally protects your brand and helps customers distinguish your products or services in the market from others. Trademarks can be used to protect a logo, phrase, word, letter, colour, sound, smell, picture, movement, aspect of packaging or any combination of these. In short, they protect your brand, products and services. Click Here to Download
Trusts – Are They Still Worth It? August 2023 Issue
The recent ATO crackdown on trusts will no doubt have some business owners (and even some advisors) asking themselves the question: Is this structure for business purposes still worth it? Click Here to Download
Super Guarantee Increases to 11% July 2023 Issue
The increase to the superannuation guarantee (SG) rate from 1 July 2023 will see more employees (and certain contractors) entitled to additional SG contributions on their pay. But what happens when income earned before 30 June is paid after 30 June 2023 – will employees be entitled to the higher SG rate of 11%? Click Here to Download