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.
'Value adding' through business growth, cash flow management and assistance in identifying new opportunities.
We provide a 'sounding board' approach to our clients as required by Roy Spagnolo and his senior members of the staff on practically any taxation or commercial matters as they arise.
Tax planning, reporting, structuring and compliance based on innovative solutions and fresh ideas. We also specialise in Capital Gains Tax issues at both an individual and company level.
Roy Spagnolo & Associates 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 businesses, not for profit organisations and large private companies.
At Roy Spagnolo & Associates we recognise our greatest assets are our valued clients, and along with our style of service, is what really differentiates Roy Spagnolo and Associates 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.
Whatever your requirements, we can help you find the solution - Contact us today.
Meet Our Team
Roy Spagnolo & Associates is a boutique 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 30 staff.
Click the links below to view our handy
online tools and resources.
193 Yambil Street
Griffith NSW 2680, Australia
Find us on the map
Phone:
02 6964 4400
Email: reception@royspagnolo.com.au
Liability limited by a scheme approved under Professional Standards Legislation