What's New @ Dewings?

We're counting down the days now to the end of another financial year, and as always, that means changes are just around the corner...from a tax point of view at least. There are few more significant ones this year for those in business, which we thought were worth highlighting.

You can read the full version here.

The Federal Treasurer Josh Frydenberg has handed down the 2021-22 Federal Budget - a mere seven months after last year's announcement, which was postponed from May to October due to the coronavirus pandemic. 

You can read our summary here.

Changes to Land Tax rules that came into effect on 1st July 2020 included provisions for discretionary trusts to nominate one beneficiary as the 'owner' of the property in order to avoid higher rates of Land Tax. The deadline for making those nominations is 30th June 2021.

You can read the full version here.

Superannuation contributions caps are set to rise for the first time in years on 1st July 2021. The increases have come about because of indexation provisions contained within the governing legislation. 

You can read the full version here.

What a tumultuous few days it's been! We're pleased and relieved to advise that with the lifting of the State Government's lockdown restrictions, we're back in the office and open for business.

Most of our team are on-site (socially-distanced) and our phone lines are back open.

While the current restriction levels are in place, we're going to continue minimising face-to-face meetings by deferring anything non-urgent or moving to your preferred method of video conferencing. However you are welcome to attend our office in person if necessary, especially for urgent matters and document signing. We have our COVID-safe plan in place but if you have any concerns, please feel free to call ahead and discuss with us first.

A reminder too that we can arrange for documents to be electronically signed, so please speak with your Dewings team member if this is an option you'd like to explore.

We hope that this recent disruption hasn't been too difficult for you and your business. We know it's a challenging time though, and we're here to help.

If you have any questions or would like to discuss your situation further, please contact us.