SMSF – ATO finalises its position in relation to event-based reporting
After detailed consultation with the self-managed super fund (SMSF) sector, the ATO announced today that its i
On 9 May 2016 the Australian Government assumed a caretaker role. The continuation of this measure will be a matter for the incoming government to decide.
In the 2016-17 Budget, the Government announced that the marginal tax rate of 37 per cent will now start at $87,000 instead of the current $80,000.
To benefit from this measure your taxable income must be more than $80,000. The maximum amount of tax you can save is $315.