Individual tax

Income tax rates for Financial Year 2018-2019

July 6, 2018 | Budget,  Financial planning,  Individual tax

Passed Personal Income Tax Rates from ATO Taxable income Tax on this income 0 – $18,200 Nil $18,201 – $37,000 19c for each $1 over $18,200 $37,001 – $90,000 $3,572 plus 32.5c for each $1 over $37,000 $90,001 – $180,000 $20,797 plus 37c for each $1 over $90,000 $180,001 and over $54,097 plus 45c for […]
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“to err is human; to forgive, divine”: Protecting your credit file, more important than ever.

July 3, 2018 | Business Advisory,  Financial planning,  Individual tax,  Mortgage Brokering

What do you know about your credit file? Do you know what credit providers you currently have? You probably haven’t heard of the “National Consumer Credit Protection Amendment (Mandatory Comprehensive Credit Reporting) Bill 2018″  but from the 1st of July 2018, paying your bills to credit providers on time will be recorded on your consumer […]
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Minimum pension payments for 2018 FY & 2019 FY

June 27, 2018 | Financial planning,  Individual tax,  SMSF

Minimum annual pension payments (account-based pensions) – 2018/2019 year, and 2017/2018 year Age of pension account-holder Percentage factors Under 65 4% 65 to 74 5% 75 to 79 6% 80 to 84 7% 85 to 89 9% 90 to 94 11% Aged 95 or older 14% Note: Amount calculated on 1 July each year, unless first […]
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Fresh starts, tax, deductions and audits.

June 12, 2018 | Budget,  Individual tax

If you think you the end of financial year is all about complying with the taxman you are missing the best time to assess your fiscal health. If you haven’t done this before consider the following: Review: When you are finding all those receipts and completing your logbooks for your tax return, go through each […]
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Individual tax and Centrelink

April 12, 2018 | Individual tax

Our clients benefit from the time we take to ensure they understand their tax obligations and the care we take with each personal situation.
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