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Superannuation Changes – 1 December 2016

December 2016

23 November 16 super reforms passed through parliament Objective of superannuationProvide income in retirement to substitute or supplement the Age Pension Intended to encourage people to save for retirement rather than an opportunity for tax minimisation.Transfer balance cap$1,6mil transfer balance cap – into tax free retirement phase Excess taxed at 15% in accumulation accountConcessional super contributionsFrom 1/7/17 concessional cap will be $25,000 From 1/7/17 person earning over $250,000 pays 30% on all concessional contributions Any excess over the $25,000 cap is taxed...

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Equipment Purchases

November 2016

When you combine the current low interest rate environment with the Instant Asset Write-Off, there has...

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GST, Low-value Imports and Website Blocking!

October 2016

Goods imported into Australia - often by consumers using the internet - which cost less than $1,000 are...

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Our Happy Clients

“As a fast growing company in the software industry, we need assistance across a wide range of services including accounting, tax, payroll, compliance and general advice and support from time to time.

The team at SME have been consistent and flexible with their invaluable support and guidance over the past 10 years, a time during which we have grown from zero to a multi-million dollar a year business.”

Hennie Laubsher, Managing Director, SourceCode ANZ Pty Ltd

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