2014 Federal Budget: How does it effect you?

income tax Download our Federal Budget review and how it effects and changes to Families, Individuals and Businesses Families and individuals Business tax measures Download South East Access Federal Budget review For small businesses, there was virtually nothing. The long-ago announced 1.5% tax cut is welcome but will be unfavourably highlighted in the wake of the hard measures imposed on individuals and families. Other changes include: Personal income tax rates Medicare Benefits Schedule Family Tax Benefit Reforms HECS-HELP benefit ceases and repayment thresholds and indexation Mature age worker tax offset to be abolished Pension changes Fringe Benefits Tax (FBT)First Home Saver Accounts scheme to be abolished Should you require more information regarding any topic touched upon in this newsletter, please feel free to contact our office for personal advice. South East Access Suite 24 & 25 / 44 Deering Street Ulladulla (up stairs from Office National) Phone: (02) 4454 4444 Fax: (02) 4454 0400 Office hours are 8:30 am to 5:30 pm admin@southeastaccess.com.au read more

2013 Federal Budget review

2013 Federal Budget review The Federal Budget is being announced on Tuesday 14 May. South East Access is a hosting the "Federal Budget Review Night for Businesses" on Wednesday 22 May at the Boardwalk Café Princes Highway Ulladulla read more

April newsletter

April newsletter Now that the Fringe benefits tax (FBT) year has ended, it's timely that the ATO has revealed that it is using all its data matching tactics to dig up every piece of information it can in relation to motor vehicle benefits. We warn about the areas to watch. read more

Self-managed super funds urged to be careful with property investments

Alert to Self-managed super funds who invest in property without fully understanding their obligations under the law. read more

How superannuation reforms affect individuals and business

The Australian Government is making a series of improvements to super to help protect and grow the savings of all Australians. The first changes applied from 1 July 2012. Individuals To make the most of the improvements, there are a few small things you can do now that can mean big things for your lifestyle in retirement. So take a few small steps to get your super organised. Specifically, as a result of the changes: keeping track of your super will be easier your employer will provide more information about super on your payslip you will have more super for your future Businesses The changes to super mean there will be changes to your super and reporting obligations that you need to start preparing for. If you’re self-employed or have employees, you will need to make changes to the way you pay and report the super contributions you make. In the future, you will have to: provide super information on employees’ payslips progressively increase your super guarantee rate to 12% in annual steps make super guarantee payments for eligible employees 70 years old or older follow the data and e-commerce standard when making super contributions on behalf of your employees […] read more

June 2012 Tax and Super update

Changes in taxation legislation may occur frequently, so South East Access keep you up to date with tax and super news for businesses. read more

Federal Budget 2012 -13 what it means to You

As predicted by almost every significant media outlet during the past week, the treasurer has announced a federal budget surplus of $1.5 bn for the 2012-13 year. A budget surplus is viewed by many in the community, perhaps a majority, as a good thing and therefore it is curious that the budget, at first glance, has a "flat" feel to it. read more

2011 Budget Overview

Overview of the 2011 Federal budget, for more information on the 2011 Budget and its impact and changes to your business and tax returns contact the team at South East Access, phone 02 4454 4444. read more

Keep track of your super contributions

Be aware of how much you can contribute to super can save you money, as there are caps on how much you can contribute before you have to pay extra tax. read more

Key superannuation rates and threshold

These are the key rates and thresholds that apply in relation to contributions and benefits, employment termination payments, superannuation guarantee and co-contributions. read more