Wish you all a happy and prosperous 2014 financial year!

Our fee for an individual tax return starts at $100. Contact me to book in an appointment.

2013 financial year almost done!
Accountants are lucky, we get to celebrate New Years twice a year!

Would you like more clarity, certainly and confidence in your financial future?

We are holding a seminar to help get you on the right track. You should attend if :

• You are a homeowner who has built up some equity
• You are between 28-50 or have more than 10 years to retirement
• You have the capacity to commit to some savings

This important seminar will be help on 31st July 2013 at 6:00pm at the Upper Coomera Centre.

Please contact me for further details and to book your seat (seats are limited).

Just a reminder that to get a deduction for superannuation contributions, in your 2013 tax return,  these must be in the hands of the super fund by 30 June 2013. It is not enough for “the cheque to be in the mail”.

I am excited to announce that Kofod & Co will be working with Steve Culpitt of Arrow Insurance Consultant Services to extend the range of services available to our valued clients.

Steve is very experienced in the financial services industry. He can help you to:

• Protect your lifestyle by putting the right insurances in place

• Grow your wealth by designing a plan specifically for you.

Contact me if you want make an appointment to meet with Steve. All    initial meetings with Steve are obligation free and at no cost to you.

No major changes were announced in the 2013-14 budget which will impact on most small businesses or individuals. The proposed changes include:

• Increasing the medicare levy from 1 July 2014 to 2%
• Limiting the deductions for self-education to $2000 from 1 July 2014
• Phasing out the medical expenses offset (rebate)
• Reducing the “baby bonus” from 1 March 2014

Please contact me if you have any questions.

From 1 July 2013 the superannuation guarantee rate will increase to 9.25% from 9%. This means that employers will have to increase the super contributions that they make for their employees.

The Treasurer announced several changes to superannuation today. These are of course subject Parliament passing the legislation and the outcome of the poll on 14^th September.

From 1 July 2014 superannuation funds will be taxed at 15% (currently zero) on their earning from assets which support the payment of a pension over $100,000 p.a

The limit for deductible superannuation contributions will be increased (currently $25,000 p.a.) as follows:

• From 1 July 2013 for people over 60 – $35,000 p.a.
• From 1 July 2014 the $35,000 limit will be extended to people over 50.

Sickness and Accident Insurance covers your living costs if you can’t work. Usually, the premiums are tax deductible. People insure their cars and houses, but what about the thing that pays for them, their capacity to work.