Posts Tagged "planning"

  • Last Minute End of Financial Year Tips

    Posted on June 27th, 2016 by WLF

    Another financial year is about to finish! As a business owner, there are many obligations that you need to consider and action just before and just after 30 June. Some of these will help to minimise your tax. We know you are busy so here’s some action points below to assist you.

    Action Required

    BEFORE 30 June 2016

    Ensure your employee superannuation payments are received and allocated by your employees’ super fund prior to 30 June 2016 to ensure a tax deduction for this year. Any payments made between 1 July 2016 and 28 July 2016 will count to…

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  • 2016 Tax Planning for Businesses

    Posted on June 2nd, 2016 by WLF

    The end of the 2015/16 financial year is almost upon us, can you answer these 20 questions to save you tax?!

    1. Are you aware of what impact the federal budget may have on you or your business?

    2. Have you maximised your concessional superannuation contributions within the caps?

    Concessional Superannuation Cap
    The concessional superannuation cap for 2016 is $30,…

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  • 2016 Tax Planning for Personal & Families

    Posted on June 1st, 2016 by WLF

    The end of the 2015/16 financial year is almost upon us, so here are 13 things to do before 30 June to help you minimise your tax!

    1. Superannuation contributions
    Individuals might be able to make tax-deductible personal contributions to superannuation to reduce their taxable income. Superannuation contributions are limited to $30,000 per year for persons under 50 as at 30/6/15, and $35,000 for persons’ age 50 to 75. Any contributions in excess of these limits can be taxed at a rate of up to 49%, plus an excess contribution charge.

    Please contact us to verify that…

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