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:
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 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.
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
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.
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.
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
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