Articles

Support Available for July Lockdowns

In response to the recent outbreaks of Covid-19 in Australia, the relevant State Governments and the Commonwealth Government have made announcements in relation to the availability of support programs.  We have primarily covered the programs available for Victorian businesses and Victorian individuals but have touched on the New South Wales support also.  If you need […]

Business Top Tips for maximising your 2020-2021 deductions

For business Corporate tax rate: Most companies with an aggregated annual turnover of less than $50 million will pay tax at 26% in the 2021 financial year.  The rate decreases to 25% from 1 July 2021.    However, companies with a turnover below $50 million will continue to pay tax at 30% where more than 80% […]

Pre 30 June Superannuation opportunities

Not just for high income earners As 30 June is fast approaching you are likely to have seen many tax time promotions.  Taking advantage of one of the opportunities with superannuation may bring some tax benefits but it also boosts your retirement nest-egg.  And the opportunities are not just for high income earners. Government Co-contribution […]

Make sure you pay your superannuation in time to get a deduction

Don’t miss out on a deduction this financial year for your superannuation contributions! The due date for payment of employer superannuation contributions for the quarter ending 30 June 2021 is 28 July 2021.  However, superannuation contributions are only deductible for income tax purposes when they are made.  To ensure superannuation contributions for this quarter are […]

Year end 20/21 Tax Tips for Individuals

As we approach  the end of the 2021 financial year, it is time for you to review all your records to ensure you maximise your tax deductions in this year’s tax return. Here are some top tax planning tips. The tax return process is made much more efficient if you have all your documentary evidence […]