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.

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Partner Announcement

Roy Spagnolo & Associates • Jun 01, 2019

Roy Spagnolo & Associates Chartered Accountants introduce three new partners. 

To continue the delivery of fresh perspectives, innovation and excellence in service, we are excited to introduce Trent Rosato, Simon Dickie and Mark Farronato as new partners of Roy Spagnolo & Associates. The highly valued team members offer a range of experience that will ensure our already outstanding business moves forward into an even brighter future. This change will come into effect on 1 July 2019. 


Director and founder Roy Spagnolo acknowledges that "...with the ongoing successful growth of the firm along with the complexities and ever-changing nature of the industry, the introduction of the 3 new partners will provide innovative ideas and also strengthen our leadership team. It is a pleasure to have the insightful and motivated professionals progress within the firm and take the next step in working alongside myself, Lisa and Malcolm in directing the future success and support of our great team". 


Senior consultant Malcolm Wilmot believes the new partners "…have been an important part of an incredible team for many years. This ongoing commitment to clients and the firm helps Roy Spagnolo & Associates help others with professional business and taxation advice and caring personal service".

Trent Rosato


Trent is a Chartered Accountant (CA) with 20 years of tax, accounting and business services experience in Sydney and Griffith. Trent's approachable nature along with exceptional organisational skills, sound business advice and valuable service on all taxation and commercial matters for a range of portfolios has seen his work expand both nationally and internationally. 


Trent aims '...to continue to grow the success of this business and improve services to our clients. I feel privileged to turn up to work every day alongside a dynamic team and I look forward to the new opportunities in my new role as a partner". 


With his vast range of qualifications and experience, Trent as a partner will continue to thrive within our team, providing inspiration to co-workers and outstanding service to his clients.

Simon Dickie


Simon's career has spanned 20 years in the industry and he has been running our Self-Managed Superannuation Fund division with great success. He has achieved a Bachelor of Business (Accounting) and is a Certified Practising Accountant (CPA). 


Simon has continually provided comprehensive taxation, accounting and business advice to a diverse portfolio of clients, including food and beverage, agriculture, public sector and professional services. The range of his portfolio has expanded the business and has been exponential towards our growing success. 


Simon is best described as straight-talking, practical and focused on building strong relationships with clients. He possesses exceptional technical skills with an ability to explain complex concepts in simple terms. Simon is "excited about working with family groups, so they have the confidence that they are making the right decisions to grow". As a partner of Roy Spagnolo & Associates, Simon is driven to mobilise the firms' breadth of capabilities and talented people.

Mark Farronato


Mark's industry experience spans over a decade in the tax and finance industry managing in Melbourne and Griffith. He provides a comprehensive array of Corporate, Business and Personal Taxation and Financial Reporting services to a diverse variety of clients operating in a range of industries. 


A qualified Chartered Accountant (CA) and registered ASIC Self Managed Superannuation Fund Auditor, Mark has achieved an extensive range of qualifications including a Bachelor of Business (Financial Management), Diploma in Financial Services, and RG146. 


Mark possesses a valuable combination of technical skills and charisma, he is a talented and likeable advisor who enjoys helping his clients reach their full potential. Mark says "since becoming a part of the team at Roy Spagnolo & Associates, I have enjoyed the diverse range of work along with the complexity and challenges that come with advising the broad client base. Roy and the firm have always offered the support, guidance and motivation to succeed". 


Becoming a partner is a privilege Mark believes will be an exciting opportunity offering him a chance to make an impact within an inspiring firm.

At Roy Spagnolo & Associates we recognise our greatest assets are our valued clients, and along with our style of service, it is what really differentiates us from our competitors. We provide personalised professional service and recognise the importance of spending time with every client, anticipating their needs and promoting their growth. Our access to global capabilities, combined with our experienced team, ensures that all clients receive an unparalleled level of service which translates into value and growth. 



 This distinctively different approach is the core to Roy Spagnolo & Associates' success in building strong, long-term client relationships. We believe that Trent, Simon and Mark have underpinned these values from day one. The team would like to congratulate the new partners and their families on their new roles and we look forward to seeing their passion grow the business to new positive outcomes.

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