Blog

Property and the 2017 Federal Budget

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If you invest in residential property… and are a foreign resident . . . where the property is not occupied or genuinely available on the rental market for at least six months per year, you will be charged an annual ‘penalty’ of at least $5,000.  The new charge applies to...
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Federal Budget 2017 SMSF Update

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Government delivers stability in 2017-18 Federal Budget Stability and confidence for superannuation is the good news coming out of the 2017-18 Federal Budget. With SMSF members still working through the wide-reaching and complex superannuation changes of the last Budget which take effect from 1 July 2017, this Budget’s minimal changes...
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2017 Federal Budget Update

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On Tuesday, 10th May 2017, Federal Treasurer Scott Morrison handed down his second Budget, but how will it affect you? In this article we summarize everything you need to know regarding the 2017-2018 budget announcement. Highlights Notwithstanding speculation to the contrary, the Temporary Budget Repair Levy (levied at two percent of...
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Is your business eligible for a $20,000 write off?

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**UPDATE** Following the latest Federal budget announcement, the $20,000 immediate write-off for small businesses is being extended for one year, to 30 June 2018. The $20,000 instant asset write-off for small business ends on 30 June 2017.  This concession enables small businesses to immediately write-off depreciable assets which cost less...
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Do you have a tax debt greater than $10,000?

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From 1 July 2017, a new tax measure will come into effect for small businesses, and we’re here to help prepare you for this tax change. Businesses that haven’t engaged with the Australian Taxation Office (ATO) to get their tax debts under control could have their tax debt information released...
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