Insights
EOFY 2024 Checklist
A handy EOFY checklist to help you finalise the financial year and plan for the new year
STP - End of year processing
Employers: Single Touch Payroll (STP) allows employees to access their finalised Income Statements from their myGov account after you have processed a Final event for the 30 June 2024 year.
Superannuation contribution catch up
Carry forward your unused superannuation concessional contributions cap at 30 June 2023 if your total super balance is less than $500,000.
Superannuation contributions must be paid before 30 June 2024
Consider bringing forward the equivalent of 1 or 2 years of annual superannuation concessional contributions from future years.
Bongiorno National Network RACS Fellows Travel Grant
The Bongiorno National Network Younger Fellows Travel Grant supports Younger Fellows travelling overseas to further their post-fellowship studies and diversify their surgical experiences.
Equity Market Update
2024 Market Outlook - With 2023 behind us, it's time for us to learn from the year and look forward to what's in store for investment markets.
Summer Market Property Update
PMC Property is a Buyers Agent in Sydney and Brisbane. We share with you, their Summer property update.
Investment property owners in NSW
Here are a few reminders and particular expenses to be aware of for your investment property.
Gen X Women and Financial Advice
In recent years, there has been much attention to the growing gender Superannuation gap, with women lagging far behind men in retirement savings.
Salary packaging an Electric Car under new FBT Exemption
Starting 1 July 2022, new electric vehicles under the luxury car limit will be exempt from fringe benefits tax. This means an electric vehicle under $84,916 can be salary packaged for a substantial tax benefit.
Carry Forward Concessional Contributions - First year of expiring unused caps
On June 30th this year, any unused Superannuation concessional contribution limits from the 2018-2019 financial year will be unable to be used in the future.
Concessional Contribution and Non-Concessional Contributions Caps are changing for the 2025 financial year
In the 2023-2024 financial year, the concessional contribution cap is $27,500 and the non-concessional contribution cap is $110,000.
Proposed new 30% tax on earnings where a member's total superfund balance exceeds $3m
From the 2025-26 income year onwards, the headline concessional tax rates applying superannuation earnings.
What is the difference between TPD and Income Protection?
The main difference between TPD and income protection insurance is the type of coverage they provide.
Director ID requirements
It is mandatory for all Directors of companies to have a Director ID.