Newsletter: Land tax changes From 1 July 2020, there will be new lower land tax rates and increased thresholds. Land tax is based on the site value of the land, which does not include buildings or other improvements. A person’s … Continue reading
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December 2019
Newsletter: Deductible donations Anyone who makes a donation over two dollars to an organisation that is registered as a deductible gift recipient (DGR) can claim it as a tax deduction. Most charities advertise their DGR status but you can search … Continue reading
October 2019
Newsletter; Rental property depreciation & capital works deductions Rental property depreciation deductions From 10 May 2017, the government stopped depreciation claims for “previously used” depreciating items (fridges, ovens, dishwashers, etc). This means that you cannot claim depreciation on: – Items … Continue reading
July 2019
Newsletter; Single Touch Payroll (STP) From 1 July 2019, all businesses need to report payments such as salaries and wages, PAYG withholding and superannuation information each time they pay their employees (there are no changes to the timing of payments … Continue reading
April 2019 – Budget Update
Newsletter; 2018/2019 Budget Update Please find below a summary of the some of the more relevant budget announcements that affect taxation. 2019/2020 individual tax rates Taxable income range Marginal tax rate $ 0 – $18,200 0% $ 18,201 – $37,000 … Continue reading
January 2019
Newsletter; Single Touch Payroll (STP) for everyone From 1 July 2019, all businesses need to report payments such as salaries and wages, PAYG withholding and superannuation information each time they pay their employees (there are no changes to the timing … Continue reading
