by admin | Jul 8, 2021 | Uncategorized
In the 2017-18, 2018-19 and 2019-20 income years, companies that are classified as Base Rate Entities must apply the 27.5% company tax rate. In the 2020-21 income year, the tax rate has reduced to 26%. From the 2021-22 income year onwards, the tax rate will lower...
by admin | Jun 3, 2021 | Uncategorized
Catch-up concessional contributions cap How does it work? If you make or receive concessional contributions of less than the annual concessional cap of $25,000 per annum, you may be able to accrue these unused amounts for use in subsequent financial years. Please...
by admin | Jun 3, 2021 | Uncategorized
Contribution caps 2021-2022 financial year From 1 July 2021, the superannuation concessional and non-concessional contribution caps will be indexed. The new caps will be: Year Concessional Cap Non-Concessional cap 2021-22 $27,500 $110,000 or $330,000 over 3...
by admin | Jun 3, 2021 | Uncategorized
Claiming tax deductions for personal superannuation contributions You may be able to claim a tax deduction for personal super contributions that you made to your super fund from your after-tax income during the 2021 financial year. Before you can claim a deduction for...
by admin | Jun 3, 2021 | Uncategorized
Checklist for individual tax returns This year we are including a checklist as part of preparing and lodging your individual return. The checklist will ensure that key details are reviewed as part of the preparation of your individual return. The checklist will ask a...
