Category Archive for: ‘6.2 – Updates’
November 2016 Client Alert
Our Monthly Client Alerts feature the latest in Tax News, Views and Clues. Click here to download the November 2016 Issue:
Read MoreSuperStream Compliance Deadline Approaching
In June this year, The Australian Taxation Office announced that the deadline for small businesses to get SuperStream compliant has been extended to October 28, 2016. With the original deadline set at 30 June, over 450,000 businesses have already ensured that they are compliant with SuperStream, standardising employer superannuation contributions on behalf of their employees. The extension is available to …
Read MoreNEWS FLASH: Proposed Lifetime Cap on Non-Concessional Contributions Scrapped
On 15th September 2016 it was announced that the $500,000 lifetime cap on non concessional contributions proposed in the 2016 budget will be scrapped. The replacement policy introduces an annual cap of $100k which will take effect from 1st July 2017. If you are aged under 65 years then you will also be able to bring forward three years worth …
Read MoreOctober 2016 Client Alert
Our Monthly Client Alerts feature the latest in Tax News, Views and Clues. Click here to download the October 2016 Issue:
Read MoreSeptember 2016 Client Alert
Our Monthly Client Alerts feature the latest in Tax News, Views and Clues. Click here to download the September 2016 Issue:
Read MoreAugust 2016 Client Alert
Our Monthly Client Alerts feature the latest in Tax News, Views and Clues. Click here to download the August 2016 Issue:
Read More2016 Federal Budget Announced
Last night, the treasurer unveiled the 2016-17 budget. Here, we take a look at the highlights and summarise what some of the changes mean for you. For full details, click here. PERSONAL TAXATION Personal tax rates: small tax cut from 1 July 2016 From 1 July 2016, the 32.5% personal income tax threshold will increase from $80,000 to $87,000 in …
Read MoreIt’s Land Tax time!
It’s that time of year where land tax assessments issue, so here are a few important points. Did you buy or sell property in 2015? Or change address? Make sure you update your local state tax authority to avoid getting an incorrect assessment. As of 1 January 2016, the land tax threshold in NSW has increased to $482,000 with the …
Read More2 September 2015 – GST on Imports purchases online
2 September 2015 – GST on Imports purchases online The $1,000 low value threshold on imports will be scrapped from 1 July 2017, with the GST system broadened to apply to all goods purchased online and imported from overseas. The State and Territory Treasurers have opted for a vendor registration model which means that they are relying on businesses based …
Read More21 August 2015 – NSW Government Small Business Grant
21 August 2015 – NSW Government Small Business Grant The Office of State Revenue is holding a number of free seminars throughout New South Wales over the next 2 weeks, starting on 17 August 2015, promoting the NSW Government’s $2,000 Small Business Grant. The Grant provides up to $2,000 per new employee for businesses that do not pay payroll tax, …
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