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Here we share a range of business and tax articles for your guidance

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Business Tax Planning 2021

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Business Tax Planning 2021   Small Business Specific (Aggregated turnover <$10M) Prepaid Expenses Claim expenses prepaid up to 12 months in advance, many of which would include interest, insurances, rent or lease payments. GST Accounting Method Review whether there is...
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Trust Tax Planning 2020

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Trust Tax Planning 2020   Annual Distribution Resolutions or Minutes of Meeting Trustee resolutions and minutes of meeting regarding the annual distribution of trust income must be documented prior to 30 June each financial year or, if the trust deed...
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SMSF Tax Planning 2020

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SMSF Tax Planning 2020   COVID-19 Temporary Minimum Pensions Government has reduced the minimum annual payment required by 50%: AgeNormal Minimum % withdrawalReduced rates for 2020, 2021, 2022Under 654%2%65-745%2.5%75-796%3%80-847%3.5%85-899%4.5%90-9411%5.5%95 or more14%7% Minimum Pension Amounts If you are a member of...
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Individual Tax Planning 2020

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Individual Tax Planning 2020   IMPORTANT: Time Limited Tax Deduction Based on recent Australian Beurau of Statistics (ABS), chances are you are eligible for this tax deduction prior to 30 June 2020. If your current accountant has not already provided...
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accountant working with client

Business Tax Planning 2020

By Uncategorized
Business Tax Planning 2020   Small Business Specific (Aggregated turnover <$10M) Prepaid Expenses Claim expenses prepaid up to 12 months in advance, many of which would include interest, insurances, rent or lease payments. GST Accounting Method Review whether there is...
Read More