The Consequences Of Late Tax Lodgment

At Wilson Pateras, we understand that Australians lead busy lives. Even with the very best intentions, business owners and individuals can become caught up in their daily responsibilities and fail to meet their tax lodgment obligations on time. Thankfully, the ATO (Australian Tax Office) recognises this too and generally doesn’t apply penalties in isolated cases
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Tax Advice For Doctors

Tax Advice For Doctors Doctors, your dynamic and rewarding career in the medical industry also means that you’re considered to be high income earners, therefore falling into a higher tax bracket. When it comes to your specific deductions, inferences and tax responsibilities – you’ll require a proactive, strategic financial plan that best suits your specific
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Research & Development (R&D) Tax Incentives: Applications Now Open

rd tax incentives applications

If your business is innovative, engaged and focused on investing in the future – the time to act is now! If your company fits the above criteria, it’s likely that you’re eligible for a R&D Government Tax Incentive and a proportion of your business expenditure is therefore eligible for a tax offset. There’s no better
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Labor’s Tax Changes Video – Changes to Capital Gains Tax

labors proposed tax changes capital gains tax

Mark Forte from Wilson Pateras explains Labors proposed changes to Capital Gains Tax. Changes to Capital Gains Trusts Proposed Policy – Taxable Capital Gain reduced by 25% (Currently 50%) Applied to assets owned by individuals and trusts Why the change in Capital Gains Tax? To increase housing affordability Investors use the 50% Discount and Negative
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Labor’s Tax Changes Video – Changes to Taxing of Trusts

Mark from Wilson Pateras explains Labors proposed changes to Taxing of Trusts. If you would like further information contact us on 03 8419 9800 or visit wilsonpateras.com.au. Changes to Trusts A minimum tax rate of 30% to all distributions from discretionary trusts to beneficiaries over 18 years old The higher of the beneficiaries marginal tax
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Tax Planning 2019 – Minimising Your Tax

With the end of financial year (EOFY) approaching quickly, NOW is the time to discuss with us the actions you can take before 30 June to reduce your tax and grow your wealth. For 2019, key priorities are likely to be: Maximising superannuation contributions without exceeding the relevant caps Bringing forward deductible expenses Deferring taxable
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Opportunities to save tax with super contributions

In the lead-up to 30 June 2019, we want you to be aware of opportunities to save tax with super contributions. This is tax planning advice, not financial advice, so if you are interested in this strategy, please contact our office to speak with one of our licensed financial advisors before you do anything.  
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