Mark Ciampi

Trust Tax Planning 2023 JTNDYSUyMGhyZWYlM0QlMjIlMjNzdGFydHVwJTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= 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…

Family and Domestic Violence Leave JTNDYSUyMGhyZWYlM0QlMjIlMjNzdGFydHVwJTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= The material and contents provided are informative in nature only.  It is not intended to be advice and you should not act specifically on the basis of this information alone.  If expert assistance is…

NSW Toll Relief Rebate Scheme JTNDYSUyMGhyZWYlM0QlMjIlMjNzdGFydHVwJTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= The material and contents provided are informative in nature only.  It is not intended to be advice and you should not act specifically on the basis of this information alone.  If expert assistance is…

2022–23 Labor Federal Budget Highlights JTNDYSUyMGhyZWYlM0QlMjIlMjNzdGFydHVwJTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= Businesses • Electric vehicles under the luxury car tax threshold will be exempt from fringe benefits tax and import tariffs. • A number of Victorian and ACT based business grants relating to the COVID-19…

Trust Tax Planning 2022 JTNDYSUyMGhyZWYlM0QlMjIlMjNzdGFydHVwJTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= 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…

NSW and Federal Government Covid-19 Updates JTNDYSUyMGhyZWYlM0QlMjIlMjNzdGFydHVwJTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= The material and contents provided are informative in nature only.  It is not intended to be advice and you should not act specifically on the basis of this information alone.  If expert assistance…

Trust Tax Planning 2021 JTNDYSUyMGhyZWYlM0QlMjIlMjNzdGFydHVwJTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= 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…

SMSF Tax Planning 2021 JTNDYSUyMGhyZWYlM0QlMjIlMjNzdGFydHVwJTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= Minimum Pension Amounts If you are a member of a self-managed super fund (SMSF) and have a pension in place during the financial year, ensure that the minimum pension that you are required to receive…

Employer Tax Planning 2021 JTNDYSUyMGhyZWYlM0QlMjIlMjNzdGFydHVwJTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= Staff Bonuses/Director Fees These expenses may be tax deductible prior to payment, as long as you are committed to paying these amounts. You will need to quantify the amounts, inform the staff and keep evidence…

Individual Tax Planning 2021 JTNDYSUyMGhyZWYlM0QlMjIlMjNzdGFydHVwJTIyJTIwY2xhc3MlM0QlMjJhcnJvdy1kb3duJTIyJTNFJTI2bmJzcCUzQiUzQyUyRmElM0U= Personal Tax Rate Changes From 1 July 2020, the top threshold of the 19% personal income tax bracket is increased from $37,000 to $45,000 and the top threshold of the 32.5% bracket is increased from…