16 April 2019
Avoid extra tax by making your Trust Distribution Resolutions before 30 June 2019
If you have a Discretionary Trust (also known as a Family Trust), this information could be beneficial to you.
In the lead-up to 30 June 2019, we want you to be aware that you need to complete your trust distribution resolutions before 30 June. Why? To avoid paying extra tax of up to 47% of Trust profits.Read More
10 April 2019
In the lead-up to 30 June 2019, we want you to know why using a bucket company can be a great strategy for saving tax on trust profits distributed.Read More
3 April 2019
With an election soon to be called, Treasurer Josh Frydenberg has announced the 2019-20 budget.
Most notably, personal income tax cuts and energy assistance payments are on offer for individuals, while small/medium businesses are set to benefit from an increase in the Instant Asset Write-Off Scheme.
Other measures that affect businesses include an increase in funding for Australian businesses to market their products overseas and a delay in proposed Division 7A changes.Read More
2 April 2019
In the lead-up to 30 June 2019, we want you to be aware of opportunities to save tax with super contributions.
This is tax planning advice, not financial advice, so if you are interested in this strategy, please contact our office to speak with one of our licensed financial advisors before you do anything.Read More
20 February 2019
There are a huge number of tax laws that may change this year as a result of the upcoming 2019 Federal Election.
Individuals could be affected by:
- Losing franking credit refunds to their Self-Managed Super Funds and to themselves
- Paying higher capital gains tax
- Losing tax benefits from negative gearing into investment property