by MRG Redshaw | Mar 27, 2020 | Announcements, Business Solutions, COVID-19 Support, Small Business, Superannuation, Tax
With the release of the second Government Stimulus Package and the Queensland Government’s Rescue Package this week, we thought you would benefit from an updated summary of all of the support available for your business during this challenging time. The first...
by MRG Redshaw | Mar 18, 2020 | Tax
Significant changes to the Capital Gains Tax (CGT) main residence exemption affecting non-residents for tax purposes passed Parliament in December 2019. Under the new law, non-residents will no longer be able to claim the CGT main residence exemption when they sell...
by MRG Redshaw | Jan 24, 2020 | Superannuation, Tax
The maximum concessional (or tax deductible) contributions an eligible individual can make each year without breaching the cap amount is $25,000. Many salary or wage earners will not reach this level. Salary sacrificing additional superannuation contributions offers...
by MRG Redshaw | Jul 22, 2019 | Tax
On 27 September 2017 the Australian Taxation Office (ATO) issued discussion paper TPD 2017/2 for public consultation on the interpretation of ‘taxi’ for Fringe Benefits Tax (FBT) and the taxi travel exemption. After consultation, and considering administrative...
by MRG Redshaw | Apr 18, 2019 | Tax
Small Business Instant asset write off threshold increased from $25,000 to $30,000 per eligible asset. Eligibility also expanded to include medium-sized business with a turnover of up to $50 million per annum. This is effective from Budget night (2 April 2019) until...
by MRG Redshaw | Apr 2, 2019 | Tax
Ensuring that you have managed your finances correctly and that you are paying the right amount of tax is important for any business. However, what might also be concerning and often lesser known is that you may also need to lodge a Taxable Payments Annual Report. ...
