As another financial year comes to a close, a number of big tax changes are on the way! The major changes to note are:
Change in tax rate for Companies
Enhanced Instant Asset Write-Off
On 1 July the super guarantee rate will rise from 9.5% to 10%.
Carry back Loss Rules for Companies
STP reporting for closely held payees
Tax Offsets for Individuals
As always do not hesitate to call 08 8211 9426 for a detailed explanation of the new tax changes.