by epoch | May 12, 2021 | eNews
Work test repealed for voluntary superannuation contributions Date of effectThe first financial year after Royal Assent of the enabling legislationExpected to be 1 July 2022 Individuals aged 67 to 74 years will be able to make or receive non-concessional or salary...
by epoch | May 12, 2021 | eNews
Low and middle income tax offset extended Date of effectFrom 1 July 2021 to 30 June 2022 As widely predicted, the Low and Middle Income Tax Offset (LMITO) will be extended for another year. The LMITO provides a reduction in tax of up to $1,080 for individuals with a...
by epoch | May 12, 2021 | eNews
For business, the most significant announcements in this years budgets are extensions to the instant asset write off and loss carry back schemes. Temporary full expensing extension Date of effectAssets acquired from 7:30pm AEDT on 6 October 2020 and first used or...
by epoch | May 12, 2021 | eNews
The 2021-22 Federal Budget is a balancing act between a better than anticipated deficit ($106 bn), an impending election, and the need to invest in the long term. Key initiatives include: Extension of temporary full expensing and loss-carry back providing immediate...
by epoch | May 4, 2021 | eNews
To protect older Australians, the Government has moved to formalise ‘granny flat arrangements’ by providing an incentive to protect all parties in the arrangement. Typically, granny flat arrangements occur when an older person transfers some sort of...
by epoch | May 4, 2021 | eNews
Australia is facing a shortage of skilled labour. When the supply of staff dry up the focus often turns to retention. But the first step is to understand why people you want to stay, choose to move on? Very few people will reveal the whole truth about why they leave...
