The new downsizer contribution, one of several measures announced in the 2017-18 Budget, is a great new opportunity for people aged 65 or over who can make a super contribution from sale of the family home and spend all that extra o n a lifestyle to envy.
By Geoff Scofield, Westlawn Finance MD & CEO, 30 May 2018: For small business operators, the $20,000 instant asset tax write-off is a must-know, as one of the ways to minimise tax liability at the end of this financial year. Here are tips from Westlawn to take advantage of the tax cut.
By Andrew Hayes, Director, Westlawn Business Services 30 April 2018 There are reasons that Bitcoin is the one cryptocurrency on the lips and in the virtual wallets of most investors, but the tax laws are still complex. Here's how to ensure that you comply with ATO tax rules.
By Andrew Hayes, Director, Westlawn Business Services: This business tax roundup includes changes to tax concessions for small business; key super rates & thresholds; GST updates; and changes to tax withholding accounts.
By Geoff Scofield, Westlawn Finance MD & CEO 30 May 2017 In the May 2017 Budget, it was announced that the $20,000 instant asset write-off for small business would be extended for another 12 months and would be available for businesses with an annual turnover up to $10 million.
By Andrew Hayes, Director, Westlawn Business Services 30 May 2017 Given the impending July 2017 superannuation changes, it’s particularly important for SMSF trustees to be on top of end of financial year planning for the 2016/17 financial year.
Federal Budget 2017: how it affects you By Liz Maroney, Westlawn Wealth Adviser SMSF Specialist Advisor™ 10 May 2017
By Andrew Hayes, Director, Westlawn Business Services 26 September 2016. This business tax roundup includes key changes and new measures your business needs to be aware of when lodging.
By Andrew Hayes, Director, Westlawn Business Services 24 May 2016 There are many ways in which taxpayers can defer income, maximise deductions and take advantage of other tax planning initiatives to manage taxable income. In order to maximise…
By Justin Inskip Director, Westlawn Business Services 26 April 2016 In our April tax roundup for individuals, we include updates on car expense deduction rules, superannuation rates and thresholds for 2016-17, ATO data matching programs…
By Andrew Hayes, Director, Westlawn Business Services 15 March 2016. This business tax roundup includes FBT updates to work-related electronic devices; simplifying GST reporting; claiming website development costs; and ATO data matching programs.
By Justin Inskip, Director, Westlawn Business Services 23 November 2015 This tax roundup for November 2015 provides an update on what you need to know in relation to business tax and superannuation. It includes amendments to work-related…