Free Up Your Cash Flow With Debtor Strategies That Work – Part 2 In our last post I covered five key strategies to help you accelerate your cashflow by focusing on your debtors and speeding up the process of getting the money that’s owed to you, into […]
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Free Up Your Cash Flow With Debtor Strategies That Work – Part 1 Every one of us in business has at some point had to deal with a slow or poor payer. The issue here is that the only one suffering is the one that’s owed the […]
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Super guarantee opt out for high income earners with multiple employers now law Following the passage of the Treasury Laws Amendment (2018 superannuation Measures No.1) Act 2019, from 1 January 2020, eligible individuals with multiple employers can apply to opt out of receiving super guarantee (‘SG’) from some of […]
Read more →That if you’re an existing client and you’re finding it hard to come into our office you can email or post your tax information to us? We will then complete your return and send it to you for review and signature via your preferred method e.g. post, […]
Read more →You will be eligible to make a downsizer contribution to super if you can answer yes to all of the following: you are 65 years old or older at the time you make a downsizer contribution (there is no maximum age limit) the amount you are contributing is […]
Read more →HOW MUCH WILL I GET? This will depend on your taxable income: Under $37,000 – $255 back $37,000 to $48,000 – $255 plus 7.5% of the amount over $37,000 $48,000 to $90,000 – $1,080 back $90,000 to $126,000 – $1,080 less 3% of an amount over $90,000 […]
Read more →WORK EXPENSES TO WATCH: • Claims for work-related clothing, dry cleaning and laundry expenses. The ATO has indicated that it will check taxpayers who take advantage of the exemption from keeping receipts for less than $150 spent on laundry expenses. The ATO thinks too many taxpayers are […]
Read more →To protect accounts from fee erosion, inactive low-balance super accounts will be transferred to the ATO and, where possible, the ATO will consolidate your super on your behalf. What is an Inactive Low-Balance Account? No monies have been received by the fund within the last 16 months […]
Read more →You can claim a deduction for personal super contributions made on or after 1 July 2018 if: You made the contribution to a complying super fund or a retirement savings account (see note below on non-complying funds). You meet the age restrictions You notify your fund in […]
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The minimum repayment income for the 2019-20 income year is $45,880. You must ensure you advise your employer that you have a HELP debt to ensure you are taxed correctly. The income levels and repayment rates for 2019-20 are: HELP repayment income Repayment rate (% of […]
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