Based on our analysis, the big winners appear to be:
Business – the instant tax deduction for buying equipment, cars, […]
For 2021, key priorities are likely to include:
Deferring taxable income Bringing forward deductible expenses Maximising superannuation contributions without exceeding the […]
1.1 Changes to personal income tax rates
The Government has announced that it will bring forward changes to the personal income tax rates that were due to apply from 1 July 2022, so that these changes now apply from 1 July 2020 (i.e., from […]
The ATO is encouraging employers to apply for the amnesty and make payments as early as they can. Any amnesty amounts paid before 7 September 2020 are tax-deductible.
For […]
6 Final reminders of how to reduce tax for 2020
As a business owner, there are many obligations that you need to consider and action just before and after 30 June.
Some of these will help to minimise your tax. Others will reduce your exposure to an ATO tax audit. […]
Want to claim a deduction for super contributions?
Super payments are only considered to be paid for the purpose of claiming a tax deduction once they have been received by the super fund, not the date the Small Business Superannuation Clearing House (SBSCH) accepts them?
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Changes to temporary visa holder arrangements during COVID-19 crisis
Home Affairs records show that there are 2.17 million temporary visa holders in Australia at present. This includes about 8,000 medical professionals, […]
Reduce your 2020 tax
For 2020, key priorities are likely to include:
Maximise Federal and State Government Stimulus Payments Deferring […]
Salisburys welcomes new Principal, Patrick Rorke
A knowledgeable accounting professional across business accounting and superannuation, Patrick (centre) will apply his considerable expertise to work on finding practical solutions for Salisbury’s clients.
Growing up in rural NSW, […]
Information for employers
You then pay the sacrificed amount to your employee’s super fund on their behalf.
There may be benefits to both of you in that:
for your employee salary sacrificing is a tax-effective way of […]