Super rates and thresholds
New superannuation rates and thresholds released The ATO has published key super rates and thresholds for the 2018/19 income year. The Non-Concessional Contributions cap will remain at $100,000 (although transitional arrangements may apply), and the Concessional Contributions cap will remain at $25,000. The CGT cap amount will be $1,480,000. The Division 293 tax threshold will be […]
Super opportunity for first home buyers and downsizers
You may be able to use your super to help make the most of your money Whether you’re buying your first home or you’re ready to downsize, these two new schemes support the Government’s goal of reducing pressure on housing affordability in Australia. First home buyers The ‘First home buyer super saver scheme’ allows you […]
Small Business Super Clearing House
Guide to the new Small Business Super Clearing House The Small Business Superannuation Clearing House (SBSCH) joined the ATO’s online services on 26 February 2018. This is intended to streamline how businesses use the SBSCH, and will also include extra functionality, such as the ability to sort employee listings and payment by credit card. The […]
Self-service super contributions
Easier to claim a tax deduction on personal super contributions than ever before The 1 July 2017 super reforms have opened up a fantastic new opportunity to build wealth in super and reduce your tax bill at the same time. Before 1 July 2017, the only way most people could take advantage of the concessional […]
Peta Berry, Manager SMSF Solutions
Meet Omnis Group Manager, Peta Berry Working across Omnis Group’s Accounting and Financial Planning businesses, Accountant Peta Berry has a strong background in self-managed super fund (SMSF) accounting and administration. She joined Omnis Group in 2008 to run the SMSF Solutions Department, specialising in: SMSF Administration SMSF Preparation of Annual Financial Statements & Tax Returns SMSF […]
ATO’s new look SBSCH here in February
On 26 February, the Small Business Superannuation Clearing House (SBSCH) service will join the ATO’s online services Business Portal. To manage the transition, the SBSCH will be unavailable from Tuesday, 20 February 2018 to Sunday, 25 February 2018 inclusive. During this time the ATO will be transferring your data across to the new system. Super contribution payments in […]
A super opportunity
Super is one of the most tax-effective ways to save. You could be thousands of dollars better off by making ‘concessional contributions’, into your super – and, putting more money into your super now, could make a big difference to your retirement lifestyle later. Make the most of your before-tax contributions Concessional contributions are contributions […]
Meet Senior Financial Planner Daniel Morcombe
About Daniel Omnis Group’s Daniel Morcombe is an experienced financial planner and personal risk advisor who helps business owners, medical specialists and retirees to manage their often complex financial affairs to build and protect their wealth so they may enjoy a life of financial security and choice. Daniel’s clients share key characteristics; as business owners […]
