Category Archive for: ‘6.2 – Updates’

  Our Monthly Client Alerts feature the latest in Tax News, Views and Clues.   Click here to download the October 2016 Issue:

  Our Monthly Client Alerts feature the latest in Tax News, Views and Clues.   Click here to download the September 2016 Issue:

  Our Monthly Client Alerts feature the latest in Tax News, Views and Clues.   Click here to download the August 2016 Issue:

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 …

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 …

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 …

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, …

20 August 2015 – Save time and keep your tax organised with the ATO app “myDeductions” “myDeductions” is an app that can be used by individuals in collating work-related expenses as well as donations and other types of deductions. The app can be used to: Capture and classify work-related expenses, gifts and donations or the cost of managing your tax …

In the last month there have been a number of bills either brought before or passed by the Senate, whose purpose is to enable measures introduced in the May 2015 Federal Budget. These include: Company tax rate reduction – The bill passed enacts the company tax rate reduction from 30% to 28.5% as of 1 July 2015 for small business …

Last night Treasurer Joe Hockey unveiled the “Have A Go” Budget to the nation. Reducing the budget deficit, which was a prominent objective of last year’s budget, does not dominate the flavour of this Budget. Instead, this year’s Budget targets productivity gains, with small business being the overall winner in terms of the proposed changes. Below are the Budget highlights, …