written by:
Josh McMullen
The 2016 Federal Budget was handed down on Tuesday 3 May. Following are some of the headline announcements that the Government intends to implement in the event that it is re-elected in the coming months. If you have any questions on how these measures may impact you or your business, contact your PT Partners Advisor. INDIVIDUALS and FAMILIES Income Tax Cuts Individual income taxes will be reduced over the next…
written by:
Josh McMullen
The 2015 Federal Budget was handed down on Tuesday 12 May. Following are some of the headline announcements. If you have any questions on how these measures may impact you or your business, please contact your PT Partners Advisor. GENERAL ECONOMIC CONDITIONS In good news for business owners and the wider public, the Budget forecasts that economic conditions will improve in the coming years. According to the Budget, economic growth…
written by:
Darren Hagarty
The ATO has recently introduced reforms known as SuperStream, aimed at improving the efficiency of the superannuation system. The reforms start to have effect from 1 July 2014. What is SuperStream? Under SuperStream, employers must report super contributions by submitting data and payment details electronically in accordance with the SuperStream standard. All superannuation funds, including SMSFs, must receive contribution details electronically in accordance with this standard. If your SMSF is receiving employer…
written by:
Josh McMullen
Federal Treasurer, Joe Hockey MP, announced the 2014 Federal Budget on Tuesday 13 May in Canberra. The following summarises the headline announcements of most importance to our client base. If you have any questions on how these measures may impact you or your business, please don’t hesitate to contact your PT Partners Advisor. INDIVIDUALS Deficit Levy – From 1 July 2014, a deficit levy will be imposed on individuals with taxable…
