Year End Tax Planning – Business and Individuals
Small Businesses Temporary full expensing of assets purchased Until 30 June 2023, temporary full expensing allows deductions for: Business portion of the cost of new eligible assets and improvement on eligible assets for business with an aggregated turnover under $5 billion. Business portion of the cost of eligible second hand assets for business with an […]
Year End Tax Planning – Superannuation
As we draw closer to the end of the financial year on 30 June 2022 it is important to consider tax planning strategies as well as other tasks to undertake for your Superannuation. Contributions Super Guarantee Employers and employees should note that from 1 July 2021 the super guarantee rates increased from 9.5% to 10%. […]
