Spouse Contribution Splitting and Tax
How Spouse Contribution Splitting Can Boost Retirement Savings while Reducing Tax Many couples find a big difference in their superannuation balances as they approach retirement. Addressing this imbalance strategically could help you reduce tax, boost retirement savings, and even maximise Age Pension benefits. Here’s how Spouse Contribution Splitting could work for you: 1. Why […]
Changes to HELP Loans – What it means for you
Big Changes to HELP Loans and What It Means for You If you have a Higher Education Loan Program (HELP) debt, you may be in for some good news! The Australian Government has proposed significant changes that could reduce your repayments and lower your debt – if the legislation passes. These updates are expected to take effect […]
Tax Time 2024
Tax & Compliance – August 2024 2024 Tax Time It’s tax time! By staying informed about tax incentives, such as the Small Business Energy Incentive and the Fixed Rate Method for home office expenses, you have the opportunity to make the most of this tax year. Get your tax documents ready The sooner you get […]
Tax & Compliance – July 2024
Tax & Compliance – July 2024 Considerations for Employers Late Lodgement Penalties The ATO has increased penalties for late lodgement of Business Activity Statements (BAS) and Income Tax Returns (ITRs). These penalties now range from $210 to $1,050 per lodgement, depending on your business’s size and history. It is also now more challenging to have […]
