NEWS & INSIGHTS
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
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
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...
Pink Tiger Day 2023
An incredible $41,000 was raised at the annual Curtin Wesley Football Club Pink Tiger Day 2023, which was held on Saturday 6th May and was proudly sponsored by Shakespeare Financial Group. This year it was the 12th Annual Pink Tiger Day, which has collectively raised...
Home guarantee scheme
From 1 July 2023, access to the Government’s Home Guarantee Scheme will be expanded to joint applications from “friends, siblings, and other family members” and to those who have not owned a home for at least 10 years. The eligibility criteria for access to the First...
ATO rental property blitz
The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners who incorrectly report income and expenses. The ATO’s assessment, based on previous data matching programs, is that there is a tax gap of around $1 billion from incorrect...
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