Featured in this month’s newsletter:

First Home Super Saver Scheme: This proposal aims to assist first home buyers to save a deposit through their superannuation fund. As some of the finer details of this draft legislation are revealed, we’ll be discussing this super contribution strategy with some of our clients.

Contributing the proceeds of downsizing to superannuation: This measure is intended to assist retirees to use some of their superannuation money from downsizing their current living arrangements. Something to be aware of if you’re speaking with a retirement planning specialist.

Ride sharing for extra income? If you or anyone you know has considered driving for Uber, GoCatch etc to earn some extra income, we have some essential information that you need to understand. Like GST….Setting up a new business? We look at the immediate deductions that are now available for start-up businesses.

Higher income earners and their super contributions: An income threshold has recently dropped (by $50,000!) that may catch a lot of taxpayers unexpectedly.

We also run over the car parking FBT exemptions for small business

Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.