Catch-Up Concessional Contributions
Should you find yourself wanting to contribute more to your Superannuation Fund, you could consider your eligibility to make catch-up concessional contributions. $27,500 is the maximum cap that you can contribute to your super per year and claim as a tax deduction against your income.
Continue Reading →Cyber Safety and Identity Protection
Cyber security and cyber safety have been hot topics in recent years, particularly when it comes to safeguarding your financial information. But how do you protect your identity and personal information in this digital age? Here are some tips: Don’t click on any suspicious link
Continue Reading →Superannuation Guarantee Charge
Should you fail to pay your employees’ super guarantee amount (currently 11%) in full, by the due date and to the right fund, you must pay the Super Guarantee Charge (SGC) and lodge an SGC statement with the ATO. The SGC charge is made up of the following: The super guarantee is calcu
Continue Reading →Logbooks and Claiming Motor Vehicle Expenses
Whether you are an employer, employee, or sole trader, with the increase in ATO scrutiny, and their ability to data match with state and territory motor vehicle registry authorities, it is important to understand the requirements when it comes to using the logbook method to claim moto
Continue Reading →Changes to Stage-Three Tax Cuts
No doubt some of you would have read about the proposed changes (to the original changes) to these tax rates from 1 July 2024 onwards. While the changes have not yet been legislated, they are expected to be passed as follows: ** Rates do not include 2% Medicare levy Under the changes
Continue Reading →Update to Stimulus Package 22-03-20
An update to the offers available from the government.
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