Call us to make an appointment with our Registered Tax Agent to lodge your tax return. A checklist of what you will need to provide: A payment summary from each employer or payer you received income from during the financial year, including Centrelink, Receipts for any work related expenses if you are claiming any deductions, […]
Release of the 2013-14 Federal Budget, a few things which may affect you: Personal: The increase in the tax-free threshold from $18,200 to $19,400 as from 1 July 2015 will not proceed and will instead be “deferred” The increase in the second marginal tax rate from 32.5% to 33% from 1 July 2015 will still […]
Super Guarantee Changes for Employers: The Super Guarantee (SG) rate will increase from 9% to 12% incrementally from 1 July 2013 to 1 July 2019. As of 1 July 2013 the SG will increase to 9.25%. The SC age limit has increased to 75. Employees are required to report the amount and actual date of […]
Small Business’s… changes to the depreciation rules for the 2012-2013 income year: 1. Increase to instant asset write-off threshold You can now claim an outright deduction (write-off) for most depreciating assets purchased that cost less that $6,500 each. This has increased from $1,000. For Example: Annette bought a $5,900 camera and a $4,500 high resolution […]
Have you lodged your 2011-2012 Tax Return? Don’t fall behind… if you need help to get up to date with your Individual or Business Tax Returns, contact our office today to make an appointment with our Registered Tax Agent.