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Tax year-end checklist

BUSINESS TIPS. Business Income and Expenses... Consider strategies to defer income until after 30 June or bring expenses forward into June, especially if you expect lower income for next year. Ensure that your tax deductions are allowable: Bad debts must be written off before 30 June Super contributions must be paid before 30 June and [...]

Superannuation year-end checklist

Given the impending July 2017 superannuation changes, being on top of your end of financial year planning is as important as it has ever been. This year it is essential that you consider maximising the existing contribution limits for superannuation before they decrease on 1 July 2017. While maximising contributions should be front of mind [...]

Reminder – Super changes apply 1st July 2017

July 1 is fast approaching. Are you ready for the new super changes? Overview of changes... Reduction of concessional (pre-tax) contributions cap to $25,000 per annum Lowering the non-concessional (post-tax) contributions cap to $100,000 per annum Low income super tax offset Spouse tax offset Personal super contributions deduction Introducing a transfer balance cap of $1.6M [...]

By | May 19th, 2017|Categories: Blog, Featured, Financial Advice, SMSF|Tags: , , |

2017 Family Energy Rebate

Up to $165 off electricity bills for eligible families... Deadline June 15, 2017. The Family Energy Rebate helps NSW family households with dependent children cover the cost of their energy bills. It's available to applicants who were eligible for and received the Family Tax Benefit (FTB) from the Department of Human Services (DHS) in the [...]

New Super changes – plan now for the best outcome

The most significant changes to superannuation for the last ten years are now law and will commence on the 1st July 2017. The new Super changes will affect how much you can contribute to super, and limit the tax concessions available when you are receiving a pension from your fund. The new changes may also [...]