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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Corporate Secretarial

    As a company officer you are responsible for the affairs of the company and you are also required to comply with the legislation of the Corporations Act (2001) and keep all Statutory Records under this legislation. 

    

    Our experienced Corporate Secretarial Team are here to ensure that all Compliance and Statutory matters are adhered to in a timely and cost effective manner. Our firm uses the BGL Corporate Compliance computer software to process the preparation, signing, lodging and filing of all Forms, Documents, Resolutions, Minutes and Registers.

     Our services include but are not limited to:
     
        • Company Incorporations, Deregistrations and changes
        • Deed formation and amendments for Trusts and Self-Managed Superannuation Funds
        • Minute Preparation and Trust Resolutions
        • Processing of Dividend Payments
        • Processing of Annual Reviews
        • Maintenance of Registers of Shareholders and Officeholders
        • Changes of address of Officeholders and Shareholders
        • Changes of address of Registered Office and Principal place of business
        • Changes to Officeholders
        • Transfers of shares, allotment of shares and other share transactions
        • Business name registrations, changes and renewals

    If you need Roy Spagnolo & Associates to assist with your corporate secretarial duties, call us on (02) 69644400 to speak to our Corporate Secretary team.

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