Federal Budget 2018 – Tax Updates

​Taxation - building resilience

The 2018 Federal Budget is built on the back of a historically strong post-mining boom Australian economy, leading to fairly conservative changes to tax policy. The Budget’s strategy is to provide sustainable tax relief to those in the workforce, stimulating spending and encouraging businesses to invest in creating jobs.

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Year-end Strategies 2018/2019

PREPARING FOR YEAR END For this financial year 2018/2019, taxpayers need to be extra careful in claiming work-related expenses because the ATO is eyeing unsubstantiated and higher-than-expected tax deductions. In order to avoid being audited by the tax office, essential record keeping is crucial in order to maximise your tax refund this year. If you… Continue Reading

Super Update

Super Matters UpdateFrom July 2018, if you are aged 65 or older you are able to contribute your downsizing proceeds from the sale of your main residence to super as a non-concessional contribution.  This is one way to boost your super balance and increase the likelihood of enjoying a comfortable life at retirement.Read more about… Continue Reading

Year-end Strategies 2017/2018

PREPARING FOR YEAR ENDEffective planning and preparation is critical for all taxpayers as the end of financial year approaches. The good news is that your tax professional is here to support you so you don’t have to do all of the heavy lifting yourself. This is the perfect time of the year to seek advice… Continue Reading