Newsletter Archives - Macquarie Accounting

- April
  1
  2020
- 3313
- 0
- By Macquarie Accounting
- In Newsletter
We are still open for business!
We are still open for business! Need an accountant to help you navigate the different COVID19 stimulus packages such as Cash flow Boost and Jobkeeper? You can still contact us over the phone, email or video meeting. You can request a video meeting with us via Calendly – Request a video meeting

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- March
  18
  2020
- 2928
- 0
- By Macquarie Accounting
- In Newsletter
UPDATE REGARDING COVID-19
In light of the recent COVID-19 virus concerns, Macquarie Accounting would like to assure you that we are doing everything we can to assist with managing the impact on our community. We would also like to take this opportunity to address any concerns you may have. Client Meetings • We ask you to refrain from

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- February
  25
  2018
- 2701
- 0
- By Macquarie Accounting
- In Newsletter
Pension – Transfer Balance Cap (New in 2018)
$1.6 million transfer balance cap A transfer balance cap was introduced as part of the 2016 Budget to limit the maximum tax-free pension balance for each superfund member. The amount of the cap will start at $1.6 million[1] effective from 1 July 2017. Changes in account balance, due to changes in valuations or investment return, have

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- March
  22
  2017
- 2384
- 0
- By Macquarie Accounting
- In Newsletter
Contribution Caps Changes 2017 & 2018
If you are aged 65 or over you must satisfy a work test to make acceptable contributions. Concessional contributions are employer contributions, salary sacrifice and personal contributions claimed as a tax deduction by a self-employed person or an investor. From 1 July 2017, you can claim a tax deduction for eligible personal contributions up to the

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- March
  22
  2017
- 2589
- 0
- By Macquarie Accounting
- In Newsletter
Other Contribution Changes 2017 & 2018
Div293 Tax for High Income Earners If your income is higher than the Div293 threshold the ATO will send you an assessment with an additional tax of 15% on your concessional contribution. You can choose to pay it with your own money, or to use a release authority form to pay it from your superfund.

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- March
  22
  2017
- 1588
- 0
- By Macquarie Accounting
- In Newsletter
Super related tax offsets 2017 & 2018
Low Income Superannuation Tax Offset If you earn less than the $37,000 you are entitled to a refund of contributions tax paid on concessional contributions, up to a limit of $500.[1] Adjusted Taxable Income Maximum Offset Tax Refund on Concessional Contribution ≤ $37,000 $500 15% Spouse Superannuation Tax Offset You can claim an 18%

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