Tax Tips
REVISED TAX CUTS BILL PASSES BOTH HOUSES

The bill to implement the Labor Government's revised tax cuts has now passed both houses of parliament.  The revised tax meaures include the following which will apply from 1 July 2024:

- Reduce the 19% tax rate to 16%;

- Reduce the 32.5% tax rate to 30% for incomes between $45,000 and a new $135,000 threshold;

- Increase the threshold at which the 37% tax rate applies from $120,000 to $135,000; and

- Increase the threshold at which the 45% tax rate applies from $180,000 to $190,000.


The Medicare Levy low-income thresholds for the 2024 income year will also be increased.

Read More
Meet Our Team

    Roy Spagnolo & Associates was established in 1997 by a young Roy Spagnolo. Roy saw the need to provide the community with a personal accounting experience. Strong client referrals and word of mouth have seen the firm experience substantial growth.


    The company now provides a comprehensive array of services including accounting, tax, financial advisory and consulting to domestic and international clients in various industries ranging from individuals to family owned business, high profile individuals including celebrities and sports professionals, not for profit organisations and large private companies.


    In 2015 Roy Spagnolo & Associates opened an office in Sydney to service the growing client base situated in the city and surrounding areas.

    

    Today, Roy Spagnolo & Associates is an unique accounting firm providing city style services with a country charm to over 3,000 clients from its offices in Griffith and Sydney with the assistance of 40 staff.

    Share by: