At Range Financial Group we pride ourselves as being a complete financial services business, helping you establish, build and protect your financial wealth
Our practice offers these main services:
Tax & Accounting
Financial Planning & Investment Planning
Self Managed Super Funds (SMSF)
Cloud Accounting Systems
Company Secretarial Services
RANGE FINANCIAL GROUP
At Range Financial Group we can look after your Tax and Accounting, Financial Planning, Lending and Finance, Self Managed Super Funds, Estate Planning, Cloud Accounting Systems, and Company Secretarial Services, for Individuals and/or Businesses.
RANGE FINANCIAL ADVISORS
For most people, business and financial success does not just happen.
Success is about relationships and we believe that one of the sustaining keys to your success is the development of close working relationships with staff, suppliers, unions, banks and with professional advisors.
Let us become one of those professional advisors and we will help you succeed.
At Range Partners we do prepare financial statements and income tax returns, conduct audits and other compliance work.
However, we believe we offer considerably more, as we will always act as guides, and advisors to assist you in the dynamic, vigorous and prosperous management of your business
From 1st of July 2017 most Australian workers will be able to claim a tax deduction for personal super contributions (this includes people aged 65-74 years who meet the work test). This is the first time ever that most salary and wage earners can claim super contributions as a tax deduction outside the need to salary sacrifice.
To be eligible to claim a deduction for the 2018 financial year you will need to:
• Have made a personal super contribution on or after 1 July 2017
• Make the contribution to a complying retirement savings account or super fund
• Meet the age range
• Notify your fund in writing of the amount you intend to claim as a deduction
• Ensure your fund acknowledges your notice of intent to claim a deduction in writing
There is a cap amount of $25,000 for general concessional contributions, this figure is for all individuals regardless of age. The amount your employer pays into your super fund is also taken into consideration in this figure.
• Laura is employed as a manager and, during 2017-18 earns $75,000 in salary and wages. Her employer made contributions of $7,125.
Laura made personal super contributions of $17,875 during the year to bring her up to the cap of $25,000 for general concessional contributions. Laura will receive a personal tax refund of $6,166 as a result of her super contributions.
For those of you that have already reached the 25K cap, in the lead up to the end of the financial year, a strategy to consider might be contributing to your spouse/partner’s superannuation to allow them to claim a tax deduction.
For further information about the new changes to personal super contributions deductions please visit the Australian Taxation Office website at www.ato.gov.au.
If you have any queries you can also contact our office, Range Financial Group on (03) 5428 1400
Our May newsletter is now up on our website, please follow the link to have a read about CGT & the family home, planning ahead fort he aged care you want and much more.
March quarter super is payable on Saturday 28th April. Pay now to ensure your payment is received by the 28th to be tax deductible.
There have been some changes to the small Business Clearing House if you are having any issues or queries please contact us ASAP on 5428 1400