Update to Business Services for the 2021/22 FY
LOSS CARRY BACK TAX OFFSET AND TEMPORARY FULL EXPENSING/INSTANT ASSET WRITE OFFS The government has proposed to extend loss carry back tax offset and temporary full expensing by 12 months to 30 June 2023. The loss carry back tax offset was a welcome announcement in the Federal Budget handed down on 6 October 2020. The […]
Superannuation changes for the new 30 June 2022 financial year
We are happy to provide the following list of changes to Superannuation for the current 30 June 2022 financial year: Concessional Contributions The concessional contribution cap has moved to $27,500, the cap was previously $25,000. Non-Concessional Contributions The non-concessional contributions cap has moved to $110,000, the cap was previously $100,000. To make non-concessional contributions your […]
