Scott Chartered Accountants in Lane Cove | Financial planner

Scott Chartered Accountants

Locality: Lane Cove

Phone: +61 2 9418 6669

Address: Suite 8, 43 - 45 Burns Bay Road 2066 Lane Cove, NSW, Australia

Website: http://www.scottca.com.au

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• Tax preparation service
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23.01.2022 Who would be hit if we are denied franking credits? How does it work? A good summary by the AFR

23.01.2022 LOCAL OF THE DAY Meet Mark from Scott Chartered Accountants, located in the Lane Cove Village opposite Coles. End of financial year is fast approaching... get it done and dusted I say! Don’t be one of the ones that waits till the final deadline to submit!

23.01.2022 Do you know what tax changes are coming? The Labor Party have proposed a number of big changes if elected, two include reducing the CGT discount currently 50% to 25% and limiting negative gearing for investments - see today's annoucement for this proposal

22.01.2022 Our annual Top Ten Takeaways for the 2018/19 Federal Budget can be seen below. Each proposed measure may impact each individual or business in a different manner, therefore before acting on any measure it is best to consult our office to review any opportunities or implications. 1. The Government is aiming to provide tax relief to lower and middle-income Australians, firstly, through the Low Income Tax Offset. A non-refundable tax offset paid as a lump sum on lodgement of you...Continue reading

18.01.2022 Top 10 tax tips for year end - an interesting read for those looking to improve their tax position by 30th June 2017

12.01.2022 Does a Self-Managed Superannuation Fund suit you? Here are some pros and cons as highlighted by Money Magazine. Our analysis of your unique position will answer this question clearly for you

11.01.2022 Controversial announcement today by Bill Shorten with a tax impact that would be felt by individuals, super funds and companies alike - interesting to see how this proposal will play out!

09.01.2022 At this time of the year, we would like to thank all clients, colleagues and friends for your support. It has been a pleasure working with you all and we look forward to developing our association further in the new year. Our offices will be closed from 22nd December 2017 and will reopen on the 8th January 2018. We would like to wish you a very Merry Christmas and we look forward to seeing you in the new year.

08.01.2022 With legislation now drafted for the First Home Super Saver Scheme is it right for you? Here are some fundamentals raised in The Australian. Contact our office to know more

04.01.2022 Some thoughts on what the ATO are targeting for those involved in Airbnb, Uber or other sharing economy services

03.01.2022 Once again, our annual Top Takeaways for the 2019/20 Federal Budget have been summarised below. An interesting budget for election purposes noting proposed measures that may impact each individual or business in a different manner. Before acting on any measure it is best to consult our office to review any opportunities or implications. 1. For the 2018/19 year, Low and middle income earners may receive a tax saving of up to $1,080 per person. This is subject to meeting the cr...iteria for such Low and middle income earners and can be claimed in the 2019 income tax return 2. The threshold for the instant asset write-off increases to $30,000 from $20,000 for small businesses. It has also been broadened to include businesses with up to $50 million in turnover, making it available to around 3.4 million Australian businesses. 3. For personal tax, from 1 July 2022, the 19 per cent tax bracket will increase from $41,000 to $45,000, with an increase in the low income tax offset from $645 to $700. 4. Again for personal tax, from 1 July 2024, the current 32.5 per cent marginal tax rate will drop to 30 per cent for income between $45,000 and $200,000. 5. Australians aged 65 and 66 will be able to make voluntary superannuation contributions without meeting the Work Test removing the need for people of this age to work a minimum 40 hours over a 30 day period. 6. The age limit for people to receive contributions made by their spouse on their behalf increases from 69 to 74 years 7. People aged 66 and under will now be able to make three years’ worth of non-concessional contributions to their super in a single year, capped at $100,000 a year, lifting the previous cutoff from 65 year of age 8. The Government will increase the Medicare levy low-income thresholds for singles, families and seniors from the 2019 year. For singles, the threshold increases from $21,980 to $22,398; for families the threshold increases from 37,089 to $37,794 and for single seniors the threshold increases from $34,758 to $35,418

03.01.2022 At this time of the year, we would like to thank all clients, colleagues and friends for a great year. Our offices will be closed from 21st December 2018 and will reopen on the 7th January 2019. We would like to wish you a very Merry Christmas and we look forward to seeing you in the new year.

02.01.2022 Make sure you are claiming what you should be with increased scrutiny an agenda this year -