A reminder to our clients who are required to remit super guarantee (SG) for their employees, that on 1 July 2021, the SG rate will increase from 9.5% to 10%. For payments of salaries and/or wages on or after 1 July 2021, the minimum SG contribution rate of 10% will need to be applied. If... Read More
With the end of the 2021 Financial Year approaching fast, the following link provides a list of items to consider pre 30 June 2021 for tax planning purposes. Please call our office if you would like to discuss any of these items further. Pre June 2021 Tax Planning Information Sheet Read More
Cryptocurrencies will get a lot more attention this tax year after the ATO expressed concern that Australian taxpayers may not fully understand the taxation implications of buying, holding and selling this class of asset. In particular, the ATO believes people may have the misconception that cryptocurrency gains are tax free, or only taxable when the... Read More
An effective tax planning tool to be considered prior to June 30 is the Superannuation carry forward of Deductible Contributions. New rules introduced by the Government from July 2018 allow eligible super fund members to use any of their unused deductible contributions limit on a rolling basis for five years. This means eligible taxpayers may... Read More