5 TAX SAVING STRATEGIES FOR BUSINESSES
Last, but not least, in the tax tips series this year are five additional savings for businesses. If you need assistance please call to discuss 02 8090 4112
Author: Lindsay Bridgland
Chartered Accountant and Financial Adviser BSc Econ(hons), FCA, AFP, ATIA, CTA
SMSF year end Checklist
Six essential checks pre June for your SMSF. If you need assistance, call me to discuss on 02 8090 4112
Six Super Tips
Make the most of the tax concessions around super with these tips this June. Call Lindsay to discuss on 02 8090 4112.
Six Year End Tax Tips for All
Change your Salary Sacrifice Today
As of 1 July 2017 the concessional contributions cap is reducing to $25,000 for everyone irrespective of age. If you have a salary sacrifice arrangement in place, you will probably need to adjust it down. Most payroll departments need several weeks notice to make any change, therefore why not do it today? The concessional contributions… Read More Change your Salary Sacrifice Today
30 Days to Financial Wellness
As we well know, without a plan, the financial goals we aspire to probably won’t materialise. With no structure in place, 10 years down the track, you may feel no better off than you are now, and wonder where your money went. However, sometimes knowing where to start is a stumbling block. So to start… Read More 30 Days to Financial Wellness
Updates & Deadlines
A few reminders and pointers for you as we race towards June .. All our clients will shortly be receiving an offer to take up our optional ATO audit insurance offer for 2017/18. Remember the ATO can audit returns many years after they are lodged & (unlike normal law) you are deemed guilty until you… Read More Updates & Deadlines
Managing the $1.6m Super Cap
It is often the case where one partner slogs away at home bringing up the family and the other escapes on a regular basis to go to work, that at the end of the day your superannuation balances may be very uneven. With the introduction of the $1.6m cap it is more important then ever… Read More Managing the $1.6m Super Cap
Quick – get those Non Concessional Contributions in now
Finally, the proposed super reforms have gone through with many changes to take place from July 2017. One of these well publicised reforms is a change to the Non-Concessional Contribution (NCC) cap, which is to be reduced to $100k p.a. (previously $180k). However, there are further changes to the NCC affecting those of you lucky… Read More Quick – get those Non Concessional Contributions in now
Super Reforms Passed
The budget super reforms have now passed the senate and only require royal assent to become law, which is thought to be a mere formality. The major changes are as follows Introducing a $1.6 million transfer balance cap which limits the amount that can be transferred to the retirement phase, where earnings are tax-free. This… Read More Super Reforms Passed
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