A Budget for the current conditions The Federal Treasurer, Dr Jim Chalmers, handed down the Albanese Government's first Federal Budget at 7:30pm (AEDT) on 25 October 2022. Despite an uncertain global economic environment, the Treasurer has lauded Australia's low unemployment and strong export prices as reason for a 3.5% growth in the current financial [...]
Tax Rates & Tables 2022-23 We’ve created a quick reference guide for you containing the 2022-23 tax rates. Covering both individual and company tax rates, tax offsets, superannuation, depreciation and fringe benefits tax. This easy to print desktop guide is available to download and print. Click here to Download [...]
Since 2012, all of the assets held by an SMSF need to be in the accounts of the SMSF at market value at the end of each financial year. And with ATO increasing audit activity, trustees and auditors need to be on top of current market values. Obtaining a market value could arguably be [...]
Certain changes to non-mandated contributions to super are coming. Now is a good time to review your contribution strategy. The government will introduce changes to non-mandated contributions for members under 75 and 75 years and over starting July 1 2022. Contributions in general terms There are minimum standards for accepting contributions into your self-managed [...]