Post Coalition Federal Election Win 2019
June 11, 2019 12:11 pmNow that the Federal Election has been won by the Coalition, our combined focus needs to be on considering effective tax and business planning strategies before 30 June 2019.
While the Coalition have promised company tax cuts and individual tax cuts, the majority of these are planned for a few years’ time.
Here are 2 key areas that will affect you in the short term.
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Single Touch Payroll
May 3, 2019 10:42 amSingle Touch Payroll (STP) is a new way for employers to report tax and super information to the ATO. It was introduced on 1 July 2018 for all businesses with 20 or more employees. The laws to extend the Single Touch Payroll (STP) reporting requirements so they apply to all employers with less than 20 employees has now passed the Senate and will be Law. This means STP is set to be r…
2019 Federal Budget: What it means for you!
May 3, 2019 10:29 amWhile there are many parts of this years' Budget that apply to future years, we have summarised below the key changes you need to know about for the next 12 months. Remember, if the Federal Government changes then the Budget changes below probably won't happen and other decisions by the new Government will happen. It certainly makes life difficult when trying to decide whether to do somethin…
Thoughts for the year ahead: Tax + Wealth in 2019
March 6, 2019 2:57 pmThere are a huge number of tax laws that may change this year as a result of the upcoming 2019 Federal Election. Individuals could be affected by:
- Losing franking credit refunds to their Self-Managed Super Funds and to themselves
- Paying higher capital gains tax
- Losing tax benefits from negative gearing into investment property