We currently have two roles available for talented and dedicated individuals. We invite you to view all details and apply on the links below, which will take you to Seek's website. Bookkeeper or Accountant - Tax & Business Services, Batemans Bay Client Services Administration - Batemans Bay If you have any questions regarding these roles, [...]
ATO JULY NEWS Tips for ATO's 'main residence exemption" The main residence exemption needs to be considered in a variety of situations when a taxpayer sells a property they have lived in. The ATO hopes that the following tips will help in this regard: Taxpayers should consider if they have started earning income from [...]
The Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Bill, introduced in March, has unexpectedly modified provisions regarding advice fee deductions from superannuation funds. As currently drafted, the bill may inadvertently reduce access to quality financial advice and increase its cost due to additional administrative burdens. We urge parliament to revise the bill, [...]
Super contribution caps to rise A key update for those contributing to super: The contribution caps for super contributions will increase starting the 2025 income year. The concessional contribution cap will increase from $27,500 to $30,000. This 'CC' cap is broadly applicable to employer super guarantee contributions, personal deductible contributions and salary sacrificed contributions. The [...]
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 [...]
