Why accurate leave management is so important
Your business could be at a serious risk of making costly errors if you aren’t managing your leave correctly. Read More…
The income test to qualify for the Commonwealth Seniors Health Card (CSHC) will increase to $90,000 a year for singles (up from $57,761) and
to $144,000 a year for couples (up from $92,416).
Unlike the aged pension the CSHC does not include an asset test, but it does use some of your assets to estimate your income (deemed
income).
To be eligible for the card you must:
A CSHC may provide you with benefits such as
Other benefits, depending on your provider and your location, may include lowering any of these expenses:
The legislation to increase the income limits for the CSHC has passed both Houses and received Royal Assent on 28 October. The new limits commence seven days after the Bill receives Royal Assent.
For more information visit https://www.servicesaustralia.gov.au/commonwealth-seniors-health-card
Associate
WDF Accounting and Advisory | Accountants Wagga | Your partners in business
Providing carefully tailored accounting solutions in business advisory, tax compliance, bookkeeping, Self-Managed Super funds, and more.
Why accurate leave management is so important
Your business could be at a serious risk of making costly errors if you aren’t managing your leave correctly. Read More…
Deductions denied for ATO interest charges
The ATO can apply a general interest charge (GIC) if an amount of tax or some other liability remains unpaid after the due date. Read More…
Reducing the uncertainty: Financial Forecasting and Planning
Analysing your cashflow statements, profit and loss reports and quarterly management accounts gives you an indication of where you’ve been as a business by using forecasting and scenario-planning, you make it easier to manage your finances and reduce some of the financial uncertainty. Read More…