Tax Tips
Did you know you can now access your voluntary superannuation contributions to help when it is time to purchase your first home?
When we purchase either a main residence or investment property, we should not just focus on the initial purchase figure. There are other 'hidden' fees involved in the purchase and all these costs should be factored into the overall buying budget.
The ATO has reminded employers that legislation has been passed to extend Single Touch Payroll (‘STP’) to include all employers from 1 July 2019. This will be a gradual start, and not all employers will start reporting at the same time.
With the federal election just around the corner, the recent Federal Budget’s proposed changes are by no means certain, but we assume they will be if the incumbent government is re-elected.
We hope you have had a Merry Christmas and Happy New Year and were able to enjoy some well deserved down time with family and friends. As the batteries start to recharge and you start thinking about the year ahead, why not kick off the New Year in the best way possible by creating a budget for the coming year!