The Government is continuing the move by the former Government to increase the age pension age to 67 by 1 July 2023, by further increasing the Age Pension age to 70 by 1 July 2035. This doesn’t mean that you can’t retire before age 70; it just means
Family Tax Benefit
The Government proposes to reduce the primary earner income limit for the FTB Part B from $150,000 per annum to $100,000 per annum from 1 July 2015. Low income single parents will be assisted with a new proposed allowance of $750 per annum for each
Floods: did you know?
SPT Flood Brochure
Childrens assets and tax
For guidelines on the treatment of tax for minors view the link: Childrens assets and tax
Carers payments and hospital stays…
For those who have sick children that end up in hospital and then claim the Centrelink carers payment, Centrelink seems to be denying payments on the basis that they are in the care of the hospital and not yours. Just something to keep in mind if
Family Tax Benefits
For all of our clients that are habitually late or are a few years behind and plan on claiming (or trying to) Family Tax Benefit (FTB). In the May 2013 Federal Budget, changes were announced that reduce the period of time that families have to claim
Are you owed money?
Are you owed money? Cath from our office was! She tested the site below and found money owing to her. The law used to be that where there has been no activity on a bank account (deposits or withdrawals)for seven years, the Government considers
Tax Blitz on Dodgy Returns
Being sneaky or slack with your tax return is bad at the best of times, but this year, you're more likely than ever to get caught. It’s not worth it! Financial experts say the Government is trying to boost income tax revenue by focusing more
Making voluntary payments off your Uni Loan
The legislation to implement the 2013-14 Budget changes to the HECS/HELP program, to take effect from 1 January 2014, has not been passed by the Senate. As a result, the HECS/HELP upfront discount and the HELP voluntary repayment bonus will
Christmas party 2013
This year's Christmas Party for staff and partners was held at The Quarantine Station at Manly. We were informed about the history of the site with a short history tour, which was really interesting. We soon found that this place was either a
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