LATEST TAX UPDATES

The Temporary Budget Repair levy of 2 percent of taxable income in excess of $180,000 will expire on 30 June 2017. There has been no indication that the government seeks to extend the Levy in

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For the 2017/2018 financial year, small business company base tax rate has reduced to 27.5%. In order to access this lower company tax rate, you will need to be a base rate

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From 1 July 2017 the annual non concessional contributions cap is $100,000, and the 3 year bring forward cap is $300,000. This is a significant drop from the 2016/2017 financials year where the

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The transfer balance cap applies from 1 July 2017. It is the new limit on the total amount of superannuation that can be transferred into the retirement phase from the accumulation phase. All

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Single Touch Payroll is a reporting change for employers. Now employers may soon have to report payments such as salaries and wages, pay as you go (PAYG) withholding and super information to us

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From 1 July 2017, you can now be an employee and make personal tax-deductible super contributions. If you’re self-employed, or substantially self-employed, or not employed, you have always been

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