We are pleased to welcome everyone to the Summer issue of the Hall Chadwick Association newsletter. This is a great way to keep you updated with some of the things that are happening within the Hall Chadwick group.
The Australian Government has recently made changes to the existing legislation for Division 40 Plant and Equipment deductions available to residential property investors. These amendments, which affect only residential property investors, were introduced as part of the May 2017 budget and become effective from 1 July 2017.
Read the latest edition of Tax Time Monthly, as we look at income tax and reduction in corporate tax rates, superannuation, and state taxes in QLD and NSW.
Be aware of the types of scams that claim to be from the ATO or other government organisations.
We advise all clients to be extremely wary of phone calls, emails or SMS claiming to be from the ATO, as these are often scams that trick you into providing personal or financial information.
In our latest newsletter, learn about the importance of succession planning to create a smooth transition for the new owner of your business, whilst simultaneously maintaining the performance of the business.
By planning your exit strategy early, a business owner can maximise the value of the business and help it to meet the future needs.
Welcome to the October Edition of Tax Time Monthly. This month we explore the topic of income tax, superannuation and tax states.
The Research and Development (R&D) Tax Incentive is a generous government initiative that encourages Australian businesses to engage in R&D activities.
Snapshot of the R&D Tax Incentive:
It is open to all companies in all sectors that are conducting eligible R&D activities (trusts, partnerships and sole traders are not eligible – ask us how you can restructure to take advantage of the R&D tax offset)
Companies may receive a 43.5% refundable tax offset if their aggregated turnover is less than $20 million
For companies with an aggregated turnover of greater than $20 million a 38.5% non-refundable tax offset is available
A company must incur R&D expenditure of at least $20,000 in an income year to be eligible to claim the R&D Tax Incentive
Risk Mitigation in the Light of Drought Forecasts for 2017 Winter Crop
A very happy new financial year to our clients and friends!
As accountants, we’re typically more excited about the start of the new financial year than we are about the start of the calendar year.
The 1st of January is well known for personal New Year’s Resolutions. We’ve all made them, and most likely broken them. They sometimes last a week, or potentially a lifetime.
If we make personal New Year’s resolutions on the 1st of January, why not make business and financial New Year’s resolutions on the 1st of July?
There are many financial and business goals that can be worked towards…
2017-18 Desktop Tax Rates and Tables
