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Leveraging Fringe Benefits: Navigating Work-Related Item Exemptions for Maximum Advantage

The most cost-efficient benefit an employer can give an employee is one that is both deductible for income tax purposes and exempt from Fringe Benefits ...

Super contribution caps to increase on 1 July

For the first time in three years, the superannuation contributions are set to increase from 1 July 2024.  Contribution caps to increase Due to indexation, ...

Returning To Work After Retirement

Most people look forward to retirement as it is a chance to finally relax, enjoy life, and do things they never had time for when ...

Important Update on Tax Rate and Medicare Levy threshold for 2024-25

The Treasury Laws Amendment (Cost of Living Tax Cuts) Bill 2024 was introduced into Parliament on Wednesday 6 February 2024, bringing changes to existing individual ...

NSW Land Tax

Starting from 1 February 2024, changes are coming into effect concerning the principal place of residence exemption from land tax. If you're planning to purchase ...

Stage 3 tax cut changes announced

The Prime Minister has announced new tax cuts. FULL TAX CUTS DETAILS The following are changes to the Stage 3 tax cuts: Reduce the 19% tax ...

Two “Main Residences” is Possible

Exception to the Main Residence Rule for Capital Gains Tax Exemption The CGT exemption for a person’s home is only available in respect of one ...

When two bonuses are not enough: introducing the Energy Incentive!

Energy incentive benefits If you’ve been putting off upgrading the inefficient office air-conditioner, a new 20% bonus deduction might just be the incentive you need ...

Qualifying as an interdependent or financial dependant

When dealing with death benefit nominations, a question often gets asked is whether a person will qualify under the interdependency or financial dependency definitions. This ...

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