January 2017 Newsletter

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DOES YOUR BUSINESS NEED CAPITAL INJECTION – TAX INCENTIVES FOR EARLY STAGE INVESTORS

You may have read in the financial press about the tax concessions available for early stage investors which came in on 1 July 2016.

In this article we give you the basics on how the concessions work to see if they provide an opportunity for you.

ARE YOU READY FOR THE 1 JULY SUPER CHANGES?

Last month saw the changes to superannuation in the May 2016 Federal Budget passed and receiving Royal Assent.  They are now law.

To read our full article and summary of the final superannuation reforms please click here.

AGED PENSION CHANGES FROM 1 JANUARY 2017

There are changes to the asset test used to calculate pensions from 1 January 2017.

These changes are designed to reduce the pension payable to pensioners with substantial assets and redistribute the pension to pensioners with minimal assets.

The pensions affected include:  Age, carer payment, disability support pension, widow B pension and wife pension.

Our article provides some of the details associated around these changes.

FOREIGN PERSON AND LAND TAX SURCHARGE PROBLEM IN FAMILY TRUST

From 31 December 2016 discretionary trusts (commonly known as family trusts) holding residential properties could be subjected to the foreign person rule and could be liable for an extra 0.75% land tax cost on the unimproved land value of the residential property (on top of the existing 1.6%).
If you currently have or are looking to setup a discretionary trust to purchase a residential property, click here to read our full article and contact us immediately so we can try to help you avoid paying the additional surcharge.

THE S&W CREW

At Stanley & Williamson we have a team of around 25 people.
We are fairly sure that you won’t know everyone, so we’d like to continue introducing some of them to you.
Name:  
Luisa Oliveira
Position: 
Bookkeeper
Has been with us for: 
2 years
Loves:  
Family, travel and reading
Loathes: 
Spiders, Sydney train delays and traffic
Is passionate about: 
Her current renovation project, her home

 

QUOTE

Great things in business are never done by one person.  They’re done by a team of people.

 Steve Jobs