Update on the $1.7m Total Super Balance & Transfer Balance Cap

By William Buck on 17/02/20 - Mins to read: 2 minutes

Australia’s $1.6m Total Superannuation Balance and Transfer Balance Cap are expected to increase to $1.7m on 1 July 2021, which could result in additional opportunities to make additional contributions or reduce the tax on earnings within your superannuation fund. The Total Superannuation Balance and the Transfer Balance Cap were introduced...
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Positive full federal court ruling for companies accessing the Australian R&D tax incentive program

By Dr. Rita Choueiri on 17/02/20 - Mins to read: 2 minutes

Companies accessing the Australian Research and Development (R&D) Tax Incentive program can now do so with more confidence after a significant Federal Court ruling rejected The Administrative Appeals tribunals (AAT) somewhat narrow interpretation of what constitutes a ‘core R&D activity’ under R&D tax law. Based on our previous experience with...
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Aussies in these 32 super funds could be $200,000 worse off by retirement

By Aaron Trombetta on 17/02/20 - Mins to read: 2 minutes

A common question asked when it comes to superannuation funds is: What performance can you achieve? Before you begin exploring the infinite world of investment vehicles to match your desired risk/return profile, you may want to give yourself a free kick by making sure you are not paying too much...
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William Buck expands R&D grants and incentives services for South Australia businesses

By William Buck on 17/02/20 - Mins to read: 2 minutes

Accounting and Business Advisory firm William Buck is bolstering its support of local SMEs undertaking Research & Development (R&D). William Buck’s Adelaide-based R&D Grants and Incentives team has been expanded to assist local businesses investing in new products and services to identify and source potential funding support. “We see our...
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Wealth Accumulation to Retirement

By Andrew Barlow on 17/02/20 - Mins to read: 2 minutes

When you’re young, the thought of saving for retirement may be the last thing on your mind. Few of us have a plan or understanding of where we’re heading, yet most wish to have a fulfilling lifestyle when we retire. To do this, there are key decisions and planning that...
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What you can do about Labor’s proposed franking credit reform

By Andrew Barlow on 17/02/20 - Mins to read: 2 minutes

With an election looming, it is currently forecast that Labor will take government. Perhaps Labor’s most contentious reform is the decision to remove tax refunds for those with excess franking credits on their shares. Put simply, when an investor receives dividends from their Australian shares, these dividends have usually already...
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