Super Contribution Caps

Super Contribution Caps

Concessional Contributions Caps The concessional contributions cap for 2019/20 is $25,000 for people of all ages. However, if you have a total superannuation balance of less than $500,000, you can accumulate any unused portion of the current $25,000 concessional...
$30,000 instant asset write-off

$30,000 instant asset write-off

Thinking of purchasing assets for your business? The instant asset write-off threshold has been increased to $30,000 and extended to 30 June 2020. If you purchase an asset (new or second hand) costing less than $30,000 and it is used or installed ready for use from...
Single Touch Payroll from 1 July

Single Touch Payroll from 1 July

Single Touch Payroll (STP) extends to all employers from 1 July 2019. This means you need to report your employees’ tax and superannuation information to the ATO every pay cycle (e.g. weekly, fortnightly, monthly). If you would like us to process payroll for...
Low and Middle Income Tax Offset

Low and Middle Income Tax Offset

From the 2018–19 income year: The low and middle income tax offset increases from a maximum amount of $530 to $1,080 per annum and the base amount increases from $200 to $255 per annum. Taxpayers with a taxable income: of $37,000 or below can now receive a low and...