Monthly Archives: May 2016

Preparing for your 2016 Tax Return

  With the end of financial year fast approaching it’s a good idea to start considering what your income is, what you’ve spent on deductions and how you want your individual return lodged. Income The main missed item that the ATO finds on individual tax returns is actually income. When considering what your income is…

CTBS 2016-2017 BUDGET REPORT

  With an election looming there have been some significant changes affecting individuals, businesses and superannuation. 1. Targeted personal income tax relief From 1 July 2016, the government will increase the 32.5% personal income tax threshold from $80,000 to $87,000. This measure will reduce the marginal rate of tax on incomes between $80,000 and $87,000…