Posts Tagged "tax"
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The Major Parties’ Superannuation and Tax Policies
Posted on April 23rd, 2019 by WLFThe federal election has been called for May 18 and both major parties have outlined their superannuation and tax policies. With the federal election only weeks away many of our clients have been asking what the major political parties’ policies are that may impact their SMSF, individual taxation circumstances or personal investments.
If you would like more information on a particular policy announcement, please do not hesitate to contact our office to set up a time to discuss any requirements you may have.
Liberal-National Coalition
Superannuation
Austr…
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Last Minute End of Financial Year Tips
Posted on June 27th, 2016 by WLFAnother 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.
Date
Action RequiredBEFORE 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 WLFThe 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,… -
2016 Tax Planning for Personal & Families
Posted on June 1st, 2016 by WLFThe 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…