Author Archives: Nick Kohler

Newsletter; 2022/2023 Budget Update (your five minute guide) Please find below a summary of the some of the more relevant budget announcements that affect taxation.   2022/2023 individual tax rates Taxable income range                    Marginal tax rate              $          0 – $18,200                                           … Continue reading →

Newsletter; SA Business Hardship Grant & Single Touch Payroll (STP) Phase 2 SA Business Hardship Grant A business with a 50% decline in turnover from: 27/12/2021 to 9/1/2022; compared to 27/12/2019 to 9/1/2020. May be eligible for the following grant: … Continue reading →

Newsletter; Director ID’s From 1 November 2021, an individual who is appointed as a company director for the first time will need to apply for a Director ID within 28 days of appointment.  From 5 April 2022, applications need to … Continue reading →

Newsletter; Superannuation guarantee rate increase from 9.5% to 10% & Superannuation concessional contribution limit increase to $27,500 Superannuation guarantee rate increase from 9.5% to 10% From 1 July 2021, the super guarantee rate increased 10%.The rate will now increase 0.5% … Continue reading →

Newsletter; 2020/2021 Budget Update (your five minute guide) Please find below a summary of the some of the more relevant budget announcements that affect taxation.   2021/2022 individual tax rates Taxable income range                    Marginal tax rate              $            0 – $18,200                                           0% … Continue reading →

Newsletter; Land tax beneficiary nominations From 1 July 2021, land held on trust will be subject to a higher rate of land tax and a lower land tax threshold unless a beneficiary is nominated.  The land tax rates are as … Continue reading →