Tax Update

Some aspects of the government’s budget have passed through the Senate and are now law, such as:

  • For high income earners, the top marginal tax rate, which now includes the ‘deficit repair levy’, is 49%.
  • The government has undertaken to review the imposition of the ‘deficit repair levy’ on 30 June 2017.
  • From 1 April 2015, the fringe benefit tax will increase to 49%.

Superannuation contribution rate for 2014/15 is 9.5%.

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Pre June 2022 Tax PlanningWith the end of the 2022 Financial Year approaching fast, the following link provides a list of items to consider pre 30 June 2022 for tax planning purposes. Please call our office if you would like to...
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