Federal Budget 2014 – Effects to Social Security & Associated Benefits
Family Tax Benefit Changes The Government has proposed a number of changes around Family Tax Benefits, including: maintaining the 1 July 2014 maximum and base
By Adam Hurwood | |Family Tax Benefit Changes The Government has proposed a number of changes around Family Tax Benefits, including: maintaining the 1 July 2014 maximum and base
By Adam Hurwood | |Increasing the Age Pension Qualifying Age to 70 Effective date: 1 July 2025 Under current legislation the Age Pension qualifying age increases by 6 months ever
By Adam Hurwood | |Future Superannuation Guarantee (SG) Rate Increases Effective date: 1 July 2014 The Government has proposed to amend the schedule for increasing the SG rate to
By Adam Hurwood | |Introduction of a Temporary Budget Repair Levy (TBRL) Effective date: 1 July 2014 (for a period of 3 years) As speculated in the lead up to the Budget announce
By Adam Hurwood | |In recent weeks many high earning Australians have received assessments from the Tax Office informing them they need to pay their Division 293 Tax liability for
By Adam Hurwood | |Introducing Patient Contributions for General Practitioners/Pathology/Diagnostic Imaging Services and Reducing Rebates Effective date: 1 July 2015 The Governmen
By Adam Hurwood | |The women's cycling team Specialized Securitor harnesses many diverse styles to perform together at the highest levels against the best.
By Adam Hurwood | |With the Fringe Benefits Tax (FBT) year end of 31 March 2014 upon us, it is time to assess the annual FBT obligations of your business. The Australian Taxation
By Adam Hurwood | |A number of Australian and Multinational companies have employee share plans in place to assist with retaining and motivating employees. Typically, these plans
By Adam Hurwood | |Small Business Instant Asset Write-Off Threshold The federal government has introduced amendments to reduce the instant asset write off threshold to $1,000 (wh
By Adam Hurwood | |Regular savers could receive riches beyond dollars in the bank, with the pattern also promoting happiness and good health, a survey shows. According to the lat
By Adam Hurwood | |Treasurer Joe Hockey and Assistant Treasurer Arthur Sinodinos have outlined the federal government’s plans regarding announced but not yet legislated tax an
By Adam Hurwood | |With the new coalition government having now been sworn in, we thought it timely to summarise the tax changes that are directly targeted towards helping small b
By Adam Hurwood | |Throughout my working life, I have spent a lot of time researching, analysing, trialling, and implementing new systems, and new ways of operating those systems
By Adam Hurwood | |Increase in the Medicare Levy Low Income Thresholds Effective date: Current financial year The Government has announced new Medicare Levy thresholds that are a
By Adam Hurwood | |Deeming Superannuation Account Based Income Streams Proposed for new income streams commencing from 1 January 2015 For Centrelink income test purposes, superan
By Adam Hurwood | |No Extension of Draw-Down Relief for Income Streams Proposed from 1 July 2013 Conspicuous by its absence, the Government has not announced any further
By Adam Hurwood | |Key Highlights Personal tax rate changes deferred for at least three years Future increase in Medicare Levy Limited deductibility for self educa
By Adam Hurwood | |Let's say you have been living in your only home for many years but now you want to move. You have built up quite a bit of equity so you are likely to receive a
By Adam Hurwood | |On Friday, ahead of the May Budget Announcements, the Gillard Government released the details of its proposed changes to Superannuation that could affect your S
By Adam Hurwood | |