ynectic are experiencing rapid growth, particularly in advisory services, and are seeking an awesome accountant who is motivated to be an integral part of our success. Work with some of Tasmania’s most successful businesses, family groups and high-net-worth individuals Join a team where your individuality and contributions are valued Progress your career with individual mentoring and a focus on […]
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Entries by synecticgroup
To save you having to search for the right tax rate or relevant threshold this tax season, we’ve put all the relevant information in one place. Our guide includes tax rates, offset limits, benchmarks, rebate levels, allowances, superannuation and fringe benefit tax rates and thresholds, student loan repayment rates and salary levels.
The ATO recently released their small business benchmarks. The benchmarks, updated annually, are financial ratios to help compare your business’s performance against others in your industry. They are used by the ATO but can also be used to find business improvements.
The Turnbull Government’s Federal Budget, delivered on 3rd May 2017, included the most significant structural changes to the Australian superannuation system since compulsory superannuation was first introduced. Pre-budget speculation had anticipated many changes, however some have gone much further than anticipated.
An increase in the middle tax bracket from $80,000 to $87,000 is long overdue and works to overcome the significant bracket creep issues of recent years. Gareth Atkins, Synectic From 1 July 2016, the government will increase the 32.5% personal income tax threshold from $80,000 to $87,000.
Delivering his first Federal Budget on 3rd May 2016, Treasurer Scott Morrison said that tax breaks have been given to small businesses first as they are “more likely to reinvest their earning and more likely to be Australian owned.” Australian Small Business Ombudsman Kate Carnell says “… this year’s Budget certainly provides a framework for SMEs […]
The final tranche of 2015 small business budget announcements have made it into law, now expanding the tax relief available for small businesses to change the legal structure of their business. This new arrangement is designed to provide greater flexibility for small businesses to change legal structures without incurring an immediate CGT liability, and allowing […]
Many people, as employees, get their tax returns wrong in relation to claiming work-related travel expenses. The absence of hard and fast rules can makes claiming travel expenses difficult. Often the deductibility of such costs can depend on the nature of employment, the amount of time spent away from home, and whether an allowance has been received to cover the costs.
Synectic is a Chartered Accounting and Advisory firm that brings together the skills of accountants, business advisers, financial planners, self-managed superannuation experts, and auditors. Our team operates state-wide from Devonport, Hobart and Launceston offices.
We offer the depth of knowledge, specialist skills and progressive resources usually associated with much larger firms. Yet our size and availability allows us flexibility and enables us to develop an in-depth understanding of your business and financial affairs.
A: 49 Best Street, Devonport
P: (03) 6424 1451
A: 30 Burnett Street, North Hobart
P: (03) 6239 4900
A: Suite B, First Floor, 99-103 George Street, Launceston
P: (03) 6337 6777
M: PO Box 6003, Devonport, TAS, 7310
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