There were a number of changes announced in the 2015 federal budget that will affect our clients including small business owners. As is usually the case there are different start dates for each of the measures announced. The tax cuts and other incentives included in the budget for businesses are only available to those that qualify as a Small Business…
With the Centrelink income test changing from January 1, 2015 for account based pensions many people have recognised the value, if they are currently receiving or are entitled to the Age pension, of starting an account based pension before December 31, 2014. The problem is not everybody will be better off under the old test, and some could be worse…