The amount of money that can be transferred to a tax-free retirement account will increase to $2m on 1 July 2025. Each year, advisers await the December inflation statistics to the be released. The reason is simple, the transfer balance cap – the amount that can be transferred to a tax-free retirement account – is …
Threshold for tax-free retirement super increases Read More »
In the 2025-26 Federal Budget the Government announced a ban on non-compete clauses and “no poach” agreements. In the 2025-26 Federal Budget, the Government announced its intention to ban non-compete clauses for low and middle-income employees and consult on the use of non-compete clauses for those on high incomes (under the Fair Work Act the …
The superannuation guarantee rules are broad and, in some circumstances, extend beyond the definition of common law employees to some directors, contractors, entertainers, sports persons and other workers. Employers need to pay compulsory superannuation guarantee (SG) to those considered employees under the definition in the SG rules. But, the SG definition of an employee is …
Super guarantee rules catch up with venues and gyms Read More »
From 1 July 2026, personal income tax rates will change. On the last sitting day of Parliament, the personal income tax rate reduction announced in the 2025-26 Federal Budget was confirmed. The modest reduction of 1% applies to the $18,201-$45,000 tax bracket, reducing from its current rate of 16% to 15% from 1 July 2026, …
From 1 April 2025, foreign investors will be barred from purchasing established homes in Australia until March 2027. The policy aims to curb speculative land banking and ensure housing availability for local buyers. While exemptions exist, they are limited, and foreign buyers of vacant land must now meet stricter development conditions.
Global Google searches for ‘tariffs’ surged by 900% in early 2025, reflecting growing concerns over U.S. trade policies. The Biden administration has reinstated tariffs on steel and other imports, while China, Canada, and Mexico have responded with their own trade barriers. With rising costs and disrupted supply chains, businesses worldwide—including in Australia—must prepare for increased volatility in international markets.
We are thrilled to share some exciting news! At Indepth Accounting, we strive for excellence, and this year, our hard work and dedication have been recognised on both national and regional stages. Sunshine Coast Business Awards 2024On the regional front, we were honoured to win the Professional Services Award at the Sunshine Coast Business Awards. …
Celebrating Success: Women in Finance & Sunshine Coast Business Awards Read More »
