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Superannuation Reform

The Government’s proposed changes to the superannuation system are now Law.
These include the $1.6M transfer cap for funds in pension phase and cuts to both the concessional and non-concessional contributions caps. But from 1st July 2017, wage earners will be able to claim a deduction for super contributions.
For more details about the changes, please contact our office.

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Small Business company tax rate

The Small Business company tax rate has been reduced to 28.5% for the 2015/16 year and 27.5% for 2016/17. There are also changes to the threshold determining whether a business is small.

Contact us to determine whether you are eligible for the lower tax rate.