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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Our Managers

    OUR MANAGERS

    Fallon Benson


    Fallon joined the team in September 2016 as an Assistant Accountant and has over 11 years experience working in the Accountancy industry. Fallon has worked her way up in her career and has completed her Bachelor of Accounting through distance education. Fallon is a certified Xero adviser and is currently studying to be a Chartered Accountant.

    Deanne De Marco


    Deanne has been a part of the Roy Spagnolo & Associates team since the doors opened in 1997. Deanne's role in the firm is mostly in administration, managing the internal running of the office and human resources, but she also attends to the compliance and business needs of a few longstanding clients of her own. Having worked in the accounting industry for over 30 years Deanne is able to share her wealth of knowledge and experience with others.

    Sky Han


    Sky joined the team in 2014 and is a Chartered Accountant (CA), Certified Management Accountant (CMA) and an Associate of Tax Institute (ATI) with a Bachelor of Commerce (Accounting). She deals with all taxation areas of general practice and business compliance and has a particular focus on Self-Managed Superannuation Funds. Sky has a passion to helping her clients with their taxation and business related strategies and enjoys interaction with diversified clients. Sky appreciates friendly staff at Roy Spagnolo & Associates and is currently working towards her Chartered Tax Adviser (CTA) which has been supported in her pursuit of further professional development.

    Philip Knight


    Philip is a Certified Practising Accountant (CPA) with over 35 years of extensive tax, advisory and accounting experience. Philip was previously a partner at Higgins Plos & Co and also Clare & Isles servicing a diverse client base. Philip provides business advice on taxation and commercial matters for a diverse range of industries with a particular focus on taxation and technology.

    Adrian Montagner


    Adrian joined the team in 2014 in an accounting role and has completed a Bachelor of Accounting (Management) degree and has recently completed his Chartered Accountant (CA) qualification. Adrian assists in the preparation of Business Activity Statements, Financial Reports and Income Tax Returns. Adrian is also a Xero certified advisor. Adrian enjoys the diversification of clients and the friendly, professional work environment at Roy Spagnolo & Associates. In 2020, Adrian was a finalist at the Australian Accounting Awards in the category of "Young Accountant of the Year" while also becoming a finalist at the Accountants Daily 30 under 30 Awards in the categories of "Business Advisory" and "Tax & Compliance."

    Vicky Monteleone


    Vicky is a Chartered Accountant (CA) with a Bachelor of Business (Accounting). Vicky has over 10 years, experience in the accounting industry, she first joined Roy Spagnolo & Associates in 2004. Vicky supports the team with the preparation of Business Activity Statements, Income Tax Returns and Financial Accounts. Vicky enjoys working in the friendly environment at Roy Spagnolo & Associates.

    Belinda Mulcahy


    Belinda Mulcahy is a CPA, Registered tax agent and Xero certified advisor. New to the team, Belinda has over 20 years experience in the accounting industry and has a keen interest in farming and small business clients. Belinda supports the team with all business services, cashflow preparation and tax planning.

    Peter Schirripa


    Peter has completed a Bachelor of Commerce (Accounting) and has over 8 years' experience in the accounting industry. Peter joined the team in 2014 and is a Chartered Accountant (CA). Peter is experienced in a variety of taxation areas and Centrelink matters and also enjoys working with clients to meet their needs. Peter is also a Xero certified advisor with experience in MYOB & Phoenix.

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