Providing customised tax and accounting solutions to businesses and individuals.

A personal, conservative approach to helping you build, manage and protect your wealth.

We see our role as a long term partner managing your financial future.

Capitol Group comprises two specialist financial divisions - Capitol Group Advisers and Capitol Group Wealth.

At Capitol Group we adopt a comprehensive approach to the management of your financial affairs to achieve successful solutions that help you build, manage and protect your wealth. We provide high quality services and customised advice, including:

Accounting & taxation
Business planning
Investment portfolio advice & management
Superannuation including self-managed superannuation funds
Specialist financial advisory services
Retirement planning
Personal life, income protection, TPD & trauma insurance

It’s never too early to start planning your financial future - Contact us and discover how

Name

Enquiry

Federal Budget 2022

On Tuesday evening 29th May 2022, Treasurer Josh Frydenberg handed down the 2022 Federal Budget.

Some of the main measure include:
•   20% additional deduction for skills training and digital adoption
•   The extension of various apprentice wages subsidies
•   An increased income tax offset of up to $1,500 for low and middle income earners
•   $250 cost of living payment for various welfare recipients
•   Further relief for first home buyers
•   50% reduction in fuel excise.

This year's budget proposes positive changes to superannuation, an extension of the low and middle income tax offets, and a grant to aged care services.

Download our FEDERAL BUDGET SUMMARY to discover how the proposed changes could affect your financial position.

In the News

Single Touch Payroll 2

In 2019 the Government announced that Single Touch Payroll (STP) would be expanded to include additional information, building on the first stage. The start date for Phase 2 reporting was 1 January 2022, however the ATO has advised that employers who provide the additional reporting required under Phase 2 by 1 March 2022 will be accepted as having met the deadline.

We explain

On-boarding new employees

With Australia now opening back up after the COVID restrictions, unemployment is tipped to fall to the lowest rate in just over 50 years – down to under 4%. If over the coming period you hire new staff, there are certain steps you should follow to cover off on your tax, workplace, and superannuation obligations.

The ATO has issued new guidance to help employers determine whether to pay employees a travel allowance or a living-away-from-home allowance (LAFHA). In this article we outline the key differences between the treatment of the two types of payments

Keep reading

Paying employees super through a super clearing house

If you’re a small business owner, you’ll know that you’re required to pay your employees (and certain contractors) superannuation guarantee (SG) in addition to their salary or wages. But how do you pay your SG contributions in a simple and effective way? The answer - a superannuation clearing house.

Topping up your concessional contributions

Have you thought about making extra contributions to top up your super? The good news is that the “catch-up” concessional contribution (CC) rules can help individuals who feel they have missed out on building their retirement savings to make extra before-tax contributions.

Consolidate your super

Fact - there are approximately 10 million unintended multiple super accounts, representing around 35% of all member accounts, and mainly occurring when employees change jobs and do not nominate the same (or any) account for their super guarantee. If you have multiple super accounts, there may be benefits to rolling your accounts into one super fund.

2021-22 Lodgment Rates and Thresholds Guide Download

Missed an article?

Check out our News section for the latest updates Latest News

CONNECT Financial Planning News

INSIDE THIS EDITION - AUTUMN 2022

Quarterly Economic Review - Globally, inflation continues to be the key topic. In Australia, job vacancies rose 18.5% in the three months to November, retail sales rose 7.3% month-on-month in November, and the ASX rose 1.53% in December 2021.
There's an app for that - We are increasingly using apps in everyday life to help us manage our lives, research things of interest and keep us on track with our goals. But what about using apps to track your financial goals?
Inflation - We're hearing more about inflation daily through wage inflation, energy inflation, food inflation, fuel inflation ... and not just in Australia. What exactly is it, and how does it affect you and your money?

Download CONNECT Newsletter