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Welcome to Northern Accountants & Financial Planners 

We are your profit growth specialists

We aim to be your long-term business partners

As the client, you are given the choice of selecting a single service, a variety of services or all of the services offered by NAFP.

Understanding these services will ultimately help us to help you - and all of our services will be delivered with the highest level of professionalism and discretion. 

We deliver our service with confidence and integrity and achieve results for all our clients, no matter how big or small.

The 2016 28.5% SBE corporate rate is proposed to be reduced to 27.5% for the 2017 income year (for corporate tax entities with an aggregated turnover of less than $10 Million).

This turnover threshold will then be progressively increased to ultimately have all companies eligible for the 27.5% tax rate in 2023/24. The progressive increase in the annual aggregated turnover thresholds for companies eligible for the 27.5% tax rate will be as follows:

- 25.0 million in the 2017/18 income year;

- 50.0 million in the 2018/19 income year;

- 100.0 million in the 2019/20 income year;

-250.0 million in the 2020/21 income year;

-500.0 million in the 2020/2021 income year;

-1 billion in the 2022/23 income year; and

- All corporate entities in the 2023/23 income year.

In the 2024 income year, the company tax rate will be reduced to 27% and then 26% in 2025/26, until it reaches 25% in the 2026/27 income year.

In addition, from 2017 it is proposed that the maximum franking credit that can be attached to a fully franked dividend should reflect the maximum corporate tax rate applicable to each particular entity. This differs from 2016 SBE corporate tax cut to 28.5%, which continued to allow SBE corporate entities to frank up to the full 30% corporate tax rate, where of course, franking credits were available.

Taxation & Accounting

Property Investment

Financial Planning

Small Business Solutions

Superannuation

SMSF advice
Self Managed Super Funds

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