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Your Money Matters – June 2017

Budget Update The Government handed down the 2017/18 Federal Budget on Tuesday 9th May 2017. The Budget proposes (among several other changes) to increase the Medicare Levy by 0.5% to 2.5% from 1 July 2019 (and tax and withholding rates that are linked to the highest marginal income tax (e.g., FBT) will also increase from […]

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Your Money Matters – October 2016

Government ‘backflip’ on superannuation changes Following further consultation, the government has announced the following ‘improvements’ to the superannuation changes announced in the 2016/17 Budget: the $500,000 lifetime non-concessional cap will be replaced by a new measure to reduce the existing annual non-concessional contributions cap from $180,000 per year to $100,000 per year;  individuals with a […]

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Your Money Matters – April 2016

April 2016 ATO reminder – What’s new for small business? Editor: The ATO has issued a timely reminder before the end of the financial year on the changes announced in last year’s Budget. Instant asset write-off – simpler depreciation rules Small businesses can immediately deduct the business portion of most (new or secondhand) assets if […]

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