News

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...

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 (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 you, we...

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...

In 2017, the Australian Taxation Office issued a warning through the media to all individual taxpayers and advisors regarding claims on work related expenses. This warning was issued by the Assistant Commissioner, Kath Anderson, with the intention of educating the...

Treasurer, Mr Scott Morrison, outlined a seven-year tax plan at the centre of the 2018 Federal Budget. After the next 2 elections, the government is proposing moving towards a flat tax system with tax relief for the middle income and low-income earners. A...

As June comes to a close and tax time quickly approaches, it’s important to ensure your business is properly prepared for the End of Financial Year. For Australia’s two million small business owners, lodging a tax return can entail a considerable amount of...

There are many reasons to hire a personal tax accounting professional for your yearly tax return. You might have changed jobs or now have elderly parents to care for, you might have moved house or started your own business. Whatever your circumstances, a personal tax...

Even the most financially astute layperson will benefit from hiring a personal accountant, as they can help you save both time and money, as well as enable you to make the most of your end of financial year tax return. A personal tax accounting professional can be...

Located 30km southeast of the CBD and easily reachable by road and rail, the Melbourne suburb of Dandenong has been steadily growing in the last couple of years. Although less well known compared to the Dandenong Ranges, which is a mere 45 minute drive away, the area...