Entries by Allan

R&D tax incentives and ATO’s target industries audit

The R&D tax incentive is a tax offset benefit provided to companies who invest in eligible research and development activities. If you are an eligible company you can get a refundable tax offset equal to 43.5% of your first $100m of eligible research and development activities if your turnover is less than $20m. If your […]

Last minute Tax Saving tips

Here is a brief list of things you can do before the end of June to reduce your tax bill this financial year. As a Business Maximise your superannuation tax deductions for both your staff and yourself: For the directors and owners pay up to the maximum cap ($30,000 or $35,000 depending on age). For […]

The New Federal Budget and your Tax and Property Investment

Our second update on the new federal budget covers Tax and Property Investment. These are the main areas of interest: Increase in Medicare levy Increase to Medicare levy low-income thresholds Capital Gains Tax Rules Reduced residential property deductions How we can help Increase in Medicare levy From 1 July 2019, the Medicare levy will increase […]

Federal Budget 2017-18 and Your Superannuation

This is a three-part news update on the new Federal Budget and what it means to you presented by Encore Accounting. In Part 1 we cover Superannuation and Social Security measures: Superannuation changes at a glance Additional Super contributions for downsizers First Home Super Saver Scheme Pensioner Concession Card reinstatement Energy Assistance payment Revised residency […]

BUDGET 2017-18

Treasurer Scott Morrison has delivered his second Budget with the mission to create “better days ahead” for Australia. As with every budget there are more benefits for some than for others. We will be publishing a series of articles to highlight those benefits with specific emphasis on Tax, Superannuation, Small Business, Regulation, Housing, Spending, Innovation […]

The $732,000 rabbit

The Client Many times clients need us to pull a rabbit out of the hat, to do the impossible. One such situation occurred with a client in the health care industry. After many years of research and difficulty they finally perfected an anti-wrinkle cream that they could prove worked. They were one of the first […]