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Personal income tax rates for Australian residents (2017-2018)
July 11th, 2017There were no changes to personal income tax rates and thresholds in the 2017-2018 Federal Budget. The three (3) year Temporary Budget Repair Levy (TBRL) of 2% for individuals with a taxable income of over $180,000 (announced in the 2014-15 Federal Budget) ceased on 30 June 2017. The table below outlines marginal tax rates applyingread more
How working holiday makers are taxed in Australia
July 10th, 2017If you are planning on becoming a working holiday maker (WHM) in Australia, you need to be aware of how your income is taxed. If you are a working holiday visa holder (subclass 417 and 462) tax is withheld from your pay and you are required to lodge a tax return each year with theread more
Changes to foreign resident capital gains tax withholding regime (FRCGW)
July 7th, 2017Please note we have released an update on this in 2025 - read that here. Last year, the government introduced new withholding rules for certain property sales. The purpose of the withholding regime is to assist in the collection of capital gains tax (CGT) liabilities of non-residents when they dispose of Australian assets. The Mayread more
ATO reminds rental property owners on claiming tax
July 5th, 2017The Australian Taxation Office (ATO) has issued a timely reminder that it is keeping a close eye on deductions claimed by rental property owners, especially those with properties located in popular holiday destinations. Last year the ATO identified a significant number of errors relating to deductions claimed for rental properties located in holiday regions. Theread more
Is your family financially secure? Why you should review your insurance…
July 5th, 2017Have you considered the risks you and your family are exposed to? Life, as we all know it, is full of uncertainties. Your lifestyle may change in an instant due to a serious accident or illness or death of a family member. As things change quickly, having an appropriate risk protection plan in place isread more
5 Steps of Building a Healthy Brand
June 5th, 2017For many business, either a boutique agency or large corporate organisation, branding is a key element for successful growth and business development. However, many companies fall into the trap of confusing the concept of branding with aspects of marketing and business development. At Brand Plus we have established a 5-Step-Plan to assess if your brandread more
2017/2018 Federal Budget
May 10th, 2017Last 9 May 2017, Federal Treasurer, Mr Scott Morrison, handed down the 2017/2018 Federal Budget. Whilst housing affordability is the budget’s centrepiece, there are significant measures affecting both individual taxpayers and businesses. McKinley Plowman is pleased to present the MP+ 2017/2018 Budget Update. This update provides insight on the proposed tax and superannuation changes whichread more
Top 3 effective Estate Planning tips
May 5th, 2017Estate planning isn’t everybody’s favourite topic however, this will guarantee that your loved ones are taken care of in the event of your passing. It can vary from simple to complex, depending on the assets involved or which needs are to be addressed. To protect the wealth that you’ve built for your family, here areread more
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