
Changes to the 2024-2025 tax rates - what do they mean for you
The Australian government earlier this year approved the stage 3 tax cuts effective as of 1 July 2024 to reduce the marginal tax rates for individual taxpayers.
01
Review and reconciliation of your accounts and preparation of Annual Financial Statements and Tax Returns to ensure compliance with ATO reporting requirements for income tax.
02
Review and reconciliation of your accounts and preparation of Annual Financial Statements and Tax Returns to ensure compliance with ATO reporting requirements for income tax for your Self Managed Super Fund.
03
Preparation of monthly, quarterly or annual BAS/IAS statements to ensure compliance with ATO reporting requirements for GST and PAYGW.
04
Review of your tax position prior to year end to provide visibility of your upcoming obligations and to allow adequate time to implement appropriate tax saving strategies.
Planning your taxes early in the financial year can save you significant amounts in tax deductions. Start preparing your records now to avoid surprises! Consult with our experts to uncover more ways to save.
05
Review and reconciliation of your accounts and preparation of General Purpose Financial Statements to ensure compliance with ASIC and for the distribution of financial information to shareholders.
06
Review of accounts and transactions with potential Fringe Benefits Tax (FBT) implications and if necessary, preparation of annual Fringe Benefits Tax Return to ensure compliance with the ATO reporting requirements.
07
Preparation of the Taxable Payments Annual Report (TPAR) to comply with the ATO's requirement to report payments made to contractors during the year.
The Australian government earlier this year approved the stage 3 tax cuts effective as of 1 July 2024 to reduce the marginal tax rates for individual taxpayers.
Are you one of many time poor taxpayers who've just looked at the calendar and thought "$#&! I need to do my tax return today!"