Below you'll find a list of all posts that have been tagged as “Tax”
Act Now – Pay Later You know it’s Tax Time, but did you know you can “manage” your tax Refund date or tax Payment due date(s) to your advantage? Your Tax Refund or Tax Payment date will depend on the date you lodge your tax return. That means you can control your tax timing and avoid unexpected tax bills. Don’t …
Key Points The types of expenses you can claim depend on how you operate your business from your home. You can only claim deductions for the portion of your expenses that relate to running your business. You must keep records for at least 5 years to show how you calculated your claim. If you sell your home, there may be …
The $20,000 instant asset write off extended to 30 June 2025
Super Guarantee rate 11%
These are my Top Three highlights from the Federal Budget for small business owners. Income Tax Cuts The Stage 3 personal income tax cuts will commence from 1 July 2024 as previously legislated. From 1 July 2024 the 32.5% marginal tax rate will be cut to 30% for the $45,000 to $200,000 tax bracket. The 37% tax bracket will be …
From 1 July 2022, two important super guarantee changes will apply to your business. Whats’ changed The rate of Super Guarantee is increasing from 10% to 10.5%The $450 per month eligibility threshold for when Super must be paid is being removed. What this means for you These changes mean that from 1 July 2022 you’ll need to make Super contributions …
Technology Investment Boost $1.0 billion for a new Technology Investment Boost to encourage small businesses to go digital. Small businesses with annual turnover less than $50 million will be able to deduct a bonus 20% of the cost of expenses and depreciating assets that support digital uptake. This includes; portable payment devices, cyber security systems and subscriptions to cloud-based services. The boost …
Keeping on top of due dates can help you keep your business running smoothly. Take note of the most important financial dates for 2022 to plan for the year ahead and avoid any unnecessary penalties. End of Financial Year (EOFY) The end of the financial year is an important time for your small business. The last day of the financial …
Attention Employers: The Superannuation Guarantee rate increased from 9.5% to 10% on 1 July 2021. It is scheduled to increase to 12% by 2025. If you are a Small Business Owner that needs help with your Payroll, PAYGW Tax and Super obligations, Beck Partners can help you. Find Out More Find out more about Beck Partners , Who We Are and What We Do at our …
The Fair Work Ombudsman is reminding employers that the national minimum wage has increased to $20.33 per hour or $772.60 per week (up from $19.84 and $753.80). Employees covered by awards will also have base rates increased by 2.5%, however, these increases to award wages begin on different dates for different groups of awards. Find Out More Find out more about Beck Partners , Who …
