News

Accelerated depreciation for small business

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Accelerated depreciation for small business In the 2015-16 federal budget, the government increased the small business immediate deductibility threshold from $1,000 to $20,000, which was originally due to end at June 30, 2017. But a law amendment bill has recently been passed by Parliament that extends that measure by 12 Read the full article…

Share dividend income and franking credits

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Mum and dad investors in receipt of dividends from their share portfolio often benefit from investing in blue chip shares because they usually have franking credits attached. As a general rule, an Australian resident shareholder is assessed for tax on dividends received plus any franking credits attached to those dividends. Read the full article…

Tax and the sharing economy

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Tax and the sharing economy The concept of a “sharing economy” has been around for long enough now to have had a very real impact on how we transact. Think Uber, think Airbnb. By now, most people will have realised that the “sharing” part of the concept does not refer Read the full article…

Superannuation

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The following is a short summary of the recent superannuation changes that have been passed through parliament. If you would like to discuss how the changes impact your personal financial situation, please make an appointment with Chris Hofman, our Financial Adviser. Concessional contribution limits reduced The concessional contribution (CC) cap Read the full article…