May 31st, 2009
Winter 2009 newsletter
Read the Summerhill Winter 2009 newsletter
News & Resources
The latest news and information from the Summerhill Financial Management Team
May 24th, 2009
A Few Interesting Observations From the Budget
Much has been written of the Federal Government’s recent Federal Budget and the changes proposed, and we provide our comments on some of these announcements below: (more…)
May 24th, 2009
Individual Tax Rates – Next Year’s Rates
The recent Federal Budget made no changes to the previously announced personal tax rate scales. As a reminder, we have listed the income tax rates to apply from 1 July 2009 below, as well as the change to the income that can be earned by minors (under age 18). (more…)
May 24th, 2009
Investment Allowance – How Does it Apply to Cars
For small business operators interested in buying new cars, the new investment allowance will be of interest to you. (more…)
May 24th, 2009
Investment Allowance – Extra incentive for Small Business
As reported in our last newsletter, the federal government announced in December 2008 an investment allowance would be made available for businesses that purchase new plant and equipment. The allowance would enable businesses to claim an extra tax deduction as a percentage of the cost of the new plant and equipment. (more…)
February 22nd, 2009
Investment Allowance for Businesses
For those that are running businesses and want an incentive to go purchase some new depreciable assets for the business, read on. (more…)
February 22nd, 2009
Other Stimulus Package Bonuses To Be Paid
Other bonus payments that have been announced as part of the Government’s $42b Stimulus Package are outlined below, and are dependent on being entitled to Family Tax Benefit Part A or Part B. (more…)
February 22nd, 2009
Bonus Payments for Australian taxpayers
As many would be aware, the Federal Government is spending $42 billion over a number of measures to stimulate our Australian economy during this current world economic crisis.
One measure is to provide up to $900 as a tax-free cash bonus to Australian taxpayers. It is estimated that 8 million Australians may be entitled to this bonus, or part thereof. (more…)