Tax Planning Newsletter      


The end of financial year is fast approaching once again.  But here at Mark Trovato Chartered Accountants, we are happily celebrating our 1st year  anniversary.  We would like to say a big thank you to all our clients, old and new, for your valued and continued business.

We have two new additions to the Mark Trovato Chartered Accountants family. On the 22nd April we welcomed Pia Fucile as a Junior Administration Assistant. And our newest, youngest and definitely the cutest ever addition is little Nicole Black who was born on the 15th May 2014.  She is the first daughter of Anita Black, our bookkeeper.

     


DOUBLE CONCESSIONAL SUPER
CONTRIBUTIONS
          


Double concession contributions can be made for the financial year ending 30 June 2014.

Instead of $25,000 or $35,000 (if you are age 59 or more on 30 June 2013) it is possible to make $50,000 or $70,000 in concessional contributions.  To do this requires the use of an unallocated contribution account and there must be paper work supporting the strategy – as the ATO will be checking.

If you have used this technique in respect of the 2013 financial year – you will most likely have already exhausted your concessional caps for the 2014 financial year and so will not be able to do it again until the new financial year.

Click here to read on                                          
            
                       


End of Year Tax Planning Checklist 2014
                
      

Small Business Entity Rules

Deductions

Deductions On "Accruals" Basis

Stock

Assets

Employment Issues

Superannuation Funds

Income Issues

Companies

Capital Gains Tax Items

Personal Planning

Building and Construction

Changes from 1 July 2014

For any other enquiries, please find our contact details below.

Contact Us....

Kind Regards

The Team
Mark Trovato
Chartered Accountants


www.marktrovato.com.au