Keep up to date on the latest from TTO, including in-house events, business updates, tax and finance industry news, and useful information regarding accounting and financial planning.
The election results are in, you may be asking whats next for tax? Labor has previously that it would seek to issue its own budget by the time of the usual mid-year fiscal and economy update in December. These measures were not introduced into parliament, and it is unknown at this stage whether the Labor government […]
The Reserve Bank of Australia (RBA) raised the cash rate on Tuesday (3 May), increasing it from the historic low of 0.1 per cent, up by 25 bps to 0.35 per cent. The increase was the first for the cash rate in nearly 12 years and the first movement since it was slashed from 0.25 […]
Since Budget night, there have been a few more changes we need to make you aware of: Changes to super for under-18s. From 1 July 2022 you will need to pay super for your employees who are under 18 years old if they work more than 30 hours for you in a week. The $450 per […]
Last night Treasurer Josh Frydenberg delivered his fourth Federal Budget with the focus appearing to be more on the short-term cost of living relief, with the Federal Election just around the corner. Prime Minister Scott Morrison will be eagerly hoping that a halving of petrol excise will see prices at the pump plummet in the next […]
This week our thoughts and prayers go out to all the flood-victims in NSW & QLD. With the impact of the 2011 floods still being felt, these current events must be devastating to those impacted. We are grateful that the wild summer storm in Adelaide did not have the same extent of damage. The weather event […]
TTO Chartered Accountants was proud to be the Individual Star Award sponsor in the 2021 HELP Awards. The TTO individual star award is in recognition of an individual who has shown selflessness, compassion and or resilience to lead or help others through a crisis. Congratulations to all the award winners, specifically Melanie Tate the 2021 winner of our […]
This week Trudi Gameau joins the TTO Family! She joins us in the Finance Team as a Senior Mortgage Advisor and comes to TTO with over 16 years in the Mortgage Broking and Real Estate Industries. Trudi is passionate, driven and committed to providing outstanding outcomes and care for all her clients. Trudi is prepared […]
The State Government has held a press conference today announcing that they will fund payments to individuals outside of the Federal Government Hot Spots – which means all South Australians impacted by the 7 day lockdown will have access to the government grants. The Federal Government will continue to fund eligible individuals in declared hotspots. […]
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 The corporate tax rate for base rate entities for 2020-21 has reduced to 26{b8e7c7f951a33340f874b6d86f318d9ec4412e46b7f65591a459ed670b119c83} from 27.5{b8e7c7f951a33340f874b6d86f318d9ec4412e46b7f65591a459ed670b119c83}. Enhanced Instant Asset Write-Off As of 7.30pm 6 October […]
