From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation. Downsizer contributions are an excellent way to get money into superannuation quickly. And now that the age limit has reduced to 55 from 60, more people have an opportunity...
Taxation Measures The Budget does not contain major tax changes. It does seek to begin some “Budget repair work” via tax integrity measures particularly in international tax matters and in relation to debt funding by foreign controlled entities....
Although your tax return is not due just yet, the end of the financial year is nearing…have you captured all your work-related deductible expenses to make the most of your 2022 tax return? Income The Australian Taxation Office (ATO) automatically receives information...
This month, our Director, Deidre Molloy was featured in the April edition of Hunter Business Review presenting the information in the attached article. Download the April edition to read the full article on the HBR site here or read below! TSP Accountants Newcastle...
The Morrison Government’s 2022 Federal Budget was handed down on 29 March 2022 by Treasurer, Josh Freydenberg. Unemployment is down at its lowest in almost 50 years however inflation is on the rise due to factors such as the Pandemic and the war on the Ukraine,...
From the Tax & Super Australia Newsroom Several superannuation proposals announced in the 2021 Federal Budget were introduced into Parliament in the Treasury Laws Amendment (Enhancing Superannuation Outcomes for Australians and Helping Australian Businesses...
