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Welcome To NewCo Financial
Services News
Business
Development Pointers
It's
Tax Time Again
Tax time is the busiest time in your financial
calendar when you see the majority of your clients face to
face. This is the ideal time to be on the lookout for opportunities
for boosting your revenue.
The majority of the banks are offering 0.7% discount from
current market rate for any loans totalling $250,000 and
above. Get their consent, get in touch with your banker or
broker, and get your client repackaged. Not only are you
saving your client money but you are also strengthening your
relationship with them as well as increasing your revenue
base.
For
a sample health check letter you can send your clients,
please click here.
New
Developments
From 1 st July 2007
Australian personal tax rates and thresholds have changed.
See table below.
New Tax Thresholds
From 1 July 2007
Income Range
($)
|
TaxRate (%)
(Including Medicare Levy)
|
0 – 6,000
6001 – 30,000
30,001 – 75,000
75,001 – 150,000
150,001+
|
Nil
15c for each $1 over $6,000
$3,600 plus 30c for each $1 over $30,000
$17,100 plus 40c for each $1 over $75,000
$47,100 plus 45c for each $1 over $150,000 |
Keep in mind the above tax threshold changes
when you review your client’s debt management strategies
and the impact of these changes to their financial position.
NewCo
Financial Services 293 Wattletree Road
East Malvern Victoria 3145
For more information
please phone us on 1300 888 416
email
us at: info@newco.net.au |
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