Changes to individual tax rates and the introductions of ANOTHER income offset The Government will introduce a seven-year, three-step, Personal Income Tax Plan. Step 1: Targeted tax relief to low and middle income earners The Government will Continue Reading 

In order to best protect assets and have flexibility with cash flow and paying the right amount. Basic strategies Minimise exposure to risk:- (eg don’t try to take out risky behaviours in business or personal life) Insure against risk (take out Continue Reading 

We are already in March. 30 June will be here before we know it (Its less than 12 weeks away) Too often, we end up suffering because we have procrastinated and not made a decision to do something about it. If we all leave tax planning until the Continue Reading 

Most people start with the will itself, however this is only half the story. Although a will is vital, it only comes into force once you die. An Enduring Power of Attorney (EPOA), on the other hand, enables your assets to be dealt with while you Continue Reading 

The tax office is warning employees there is no such thing as a “free pass” when claiming car deductions each year, while small business owners with vehicles have been reminded to check in with their accountants about what deductions they are Continue Reading 

Definition of Small Business now up-to-10 million in turnover, instant asset write-off still there for another 12 months. The government’s hard-fought change to the corporate tax rate for small businesses has also altered the definition of Continue Reading 

Personal Income Tax There are no changes to the individual tax rates this year. However, the Temporary Budget Repair Levy that was introduced in the 2014-15 Federal Budget will cease on 30 June 2017. This levy was 2% of an individual’s taxable Continue Reading