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
If you are preparing your own payroll and using the Small Business Clearing House system to pay super you need to be aware it is closing soon. It will be closed to new users from 1st October 2025. Existing users will have access until 30 June 2026. This makes it a good time to transition… Read More SBCH Closing
The proposed reduction of HECs debts outstanding as at 1 June 2025 has now become law. If you had a HECs debt at 1 June 2025, it will be reduced by 20% in the coming weeks. You do not need to do anything, the reduction will happen automatically. You can check when it has been… Read More 20% off HECS
Believe it or not there is still the possibility to get some free money from the government. The superannuation co-contribution is hanging on in there for a little longer so make use of it if you can and grab up to $500 of free cash. Even better, why not pop some $ into your (working)… Read More Free Money – Co Contribution
Claim Super contributions as a tax deduction. It may be possible for you to claim some super contributions as a tax deduction. This will be a useful strategy if ……. You forgot to salary sacrifice or did not sacrifice as much as you could, or You have a large capital gain this year which you… Read More 2025 Tax Tip : Top up your Super Contributions
There has been much in the press recently about the new Div 296 tax leaving many confused so I just want to clear up a few points here What is it? The new proposed tax will tax the growth in a members super balance (adjusted for pension withdrawals & contributions) each year at an additional… Read More Div 296 tax – $3m super balances
I want to thank you all for your patience over the past few weeks – as some of you may already know, my Dad unexpectedly passed away on March 4th following a severe stroke. Anyone who knows our family appreciates how closely we remain connected, despite our geographical separation. Dad has always been my port… Read More Thank you
Bridgland & Co Blog 