For those of you in NSW paying lots of road tolls, you can now claim your relief on the ServiceNSW app for the June quarter. Never turn down free money! Here is the link https://www.service.nsw.gov.au/transaction/claim-the-toll-relief-cap Lindsay
Welcome to the new financial year! Today is an important day for all employers as the new rules for paying super commence. Although we are all (hopefully) prepared, with our myob or xero software ready to go, there are few potential trip hazards I have set out below that you need to be aware of.… Read More Payday Super Starts Today
With the end of financial year fast approaching, this weekend is the time to see if you can save tax by topping up your super. Follow the steps below to see if you can benefit from this tax saving strategy and drop me a line if you need assistance. Who can do this In addition,… Read More Super Weekend Homework
With the budget now a week old and the noise settling down, I thought it time to provide a summary of the bits that will be most relevant to our clients. We must remember that the changes are not yet legislated, and I can’t help thinking that they may be somewhat watered down. Perhaps the… Read More Budget Thoughts 2026
Yesterday I was lucky enough to join my hubby Glenn on a Little Wings mission to collect a couple of doctors who had been doing a clinic for sick kids out West. He has been a Little Wings volunteer pilot for a couple of years now. Even won a volunteer of the year award recently… Read More Its Donation Time!
This is a reminder to our clients who are yet to send in their data to prepare their June 2025 tax returns, that the deadline looms. The deadline, as normal is the 15th May. Therefore, we have only 21 days to get the returns prepared, signed and lodged for you. Returns are prepared on a… Read More 2025 Tax Returns
No need to panic, however Turramurra Post Office recently, and rather unexpectedly, closed all its PO boxes. Therefore, we have had to change our PO Box address. Please make a note of the new address which is PO Box 3045, North Turramurra, NSW 2074 for future snail mail correspondence. Lastly, and purely for your entertainment,… Read More PO Box Change
If you are an employer, even if you are the only person on the payroll, you need to know that from 1 July 2026 there are some changes. The biggest change is that you will need to pay your employees’ super every time you pay them – i.e. on the same day. No more paying… Read More Payday Super is coming
Yesterday the Div296 legislation, which is an additional tax on the earnings of those with higher super balances, passed the Senate. The new tax will apply from 1 July 2026 ie the 2026/7 year. It will tax a proportion of earnings where an individual’s super balance is more than $3m at an additional 15%. For… Read More Div296 – has passed the Senate
After what seems like years of discussions about the proposed Div296 tax on large super balances, this week a few changes have been made which seem to address the main concerns. The good news is that the tax will no longer tax unrealised gains (this was potentially going to give some cashflow issues), and the… Read More Div296 update – Oct 25
Bridgland & Co Blog 