Rate change for franking credits – 2016/17
The company tax rate for small business has been reduced to 27.5% for 2016-17 and the maximum franking credit your small business clients can allocate has decreased to 27.5% (previously 30%). This reduced rate applies to companies with an aggregated turnover of less than $10 million. If small businesses have issued distributions for the financial […]
Key dates for July 2017
This list of key dates is not comprehensive – it is a guide only. Events or timelines may change. Unless otherwise stated, the due dates provided are for 30 June balancers only. When a due date falls on a Saturday, Sunday or public holiday, you can lodge or pay on the next business day. The payment […]
PREPARING FOR THE NEW WORLD OF SUPER
With SMSFs now holding more than $622 billion in investments, trustees and members who are in a position to should make a point of boosting their balances ahead of 30 June. But there are plenty more issues to consider, some complex and with their own intricacies, which these new, significant super changes present. An analysis […]
FIGHT OF HIS LIFE -Allan Lorraine-
Enclosed is an inspiring article which illustrates the effects of never giving up and the benefits of paying attention to detail. FIGHT OF HIS LIFE -Allan Lorraine- In October 2009, Allan Lorraine CPA secured a place for himself and his wife at Mentone Gardens, a Supported Residential Service (SRS) in Melbourne. At the time, […]
HOAM LOAN INTEREST RATES
We currently have a home loan broker operating in our office premises, Mr. Scott Campton, the Director of Financial Solutions by Design. He is available to help you with home loan requirements and best rates. Please also note that Scott assists with business and commercial finance. Scott has shared a link below to a recent […]