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NEWS & INSIGHTS

Superannuation SMSF updates

Superannuation SMSF updates

Below is a round-up of some superannuation changes and key developments that may be relevant to your SMSF. It is important that you know what changes are coming, so you can effectively understand how they may affect your SMSF. We intend to regularly provide you with...

Managing the cost of living

Managing the cost of living

The Shakespeare Financial Services team have devised a list of practical ideas to help save money during the cost of living crisis. Coles and Woolworths both offer membership programs that offer discounts and other perks. As an example for Woolworths, it costs $70 per...

Superannuation opportunities

Superannuation opportunities

Tax deductions for topping up super You can make up to $27,500 in concessional contributions each year assuming your super balance has not reached its limit. If the contributions made by your employer or under a salary sacrifice agreement have not reached this $27,500...

Business tax savings

Business tax savings

Bring forward the purchase of assets If there are large assets your business needs to buy (or upgrade), you have until 30 June 2023 to use the temporary full expensing rules. These rules enable businesses with an aggregated turnover of up to $5bn to fully deduct the...

Maximising tax savings

Maximising tax savings

It’s that time of year when we all look at what last-minute things we can do to maximise tax savings. In the wise words of the late Kerry Packer to a Senate estimates committee, “Of course, I am minimising my tax. And if anybody in this country doesn’t minimise their...

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