Your Knowledge (July 2018)

Welcome to the July 2018 edition of Your Knowledge – the exclusive publication of EGU Accounting and Taxation.

Quote of the month:
“Many of life's failures are people who did not realise how close they were to success when they gave up.” - Thomas A. Edison

Company tax change in limbo
An issue that many business owners and investors will need to grapple with is uncertainty on the tax rate that applies to companies for the year ended 30 June 2018 and the maximum franking rate on dividends paid during the 2018 income year.... Read more

When can you take your super
The cash sitting in your superannuation fund can be tempting, particularly if you are short of cash. But, the reality is there are very few ways you can take advantage of your superannuation once it has been contributed to the fund – even if you change your mind.... Read more

$10K limit on cash payments to business
One of the interesting approaches to tackling the black economy in the recent 2018-19 Federal Budget was the announcement of a $10,000 limit on cash payments to business.... Read more

$20K accelerated deductions for small business extended another year
The ability for small business entities to claim an immediate deduction for assets costing less than $20,000 has been extended for another 12 months until 30 June 2019.... Read more

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Bill Wieland – Partner of EGU, heading the Business Advisory division.