ATO NEWS Government announces changes to proposed 'Stage 3' tax cuts The Federal Government has announced tweaks to the 'Stage 3' tax cuts that will apply from 1 July 2024. The proposed changes are: reduce the 19% tax rate to 16%; reduce the 32.5% tax rate to 30% for incomes between $45,000 and a new [...]
Many employers will be planning to reward employees with a celebratory party or event this December/January. However, there are important issues to consider, including the possible FBT and income tax implications of providing 'entertainment' (including Christmas parties) to employees and clients. FBT and 'entertainment' Under the FBT Act, employers must choose how they calculate their [...]
ATO's lodgment penalty amnesty is about to end The ATO is remitting failure to lodge penalties for eligible small businesses. Businesses that have not yet taken advantage of the ATO's lodgment penalty amnesty only have until 31 December 2023 to do so. Businesses must meet the following criteria to be eligible for the amnesty: had [...]
Client Services Full Time 37.5 hrs/week (Mon – Fri) Hales Douglass Financial Services is a growing financial advice firm with it’s own licence (non-bank aligned) and self-managed super fund ‘specialist’ accreditation. Our key services include superannuation & investments, retirement planning, wealth creation, life insurances, aged care advice and estate planning. We require an all-round, [...]
The NSW Seniors Energy Rebate helps eligible self-funded retirees pay their electricity bills. The Seniors Energy Rebate is $200 per household, per financial year and customers can apply for the rebate each financial year. You will also receive a one-off $500 National Energy Bill Relief Household Payment in financial year 2023-24 if: you meet the eligibility criteria your [...]
