Use our salary packaging calculator to discover your potential tax savings, then take the next step by booking a free consultation with FAA Group to set up your personalised salary packaging arrangement and start increasing your take-home pay within weeks.
Now is the perfect time to clean up your finances Track your spending with a Cashflow Management strategy. Know where your money goes and prioritise paying off high interest rate debts first. Review your memberships/packages and shop around for better...
Frequently Asked Questions (FAQ’s) at Tax Time Do I have to lodge a Tax Return? Yes, even if you haven’t earned any income you will need to lodge a NIL return or a ‘Return Not Necessary’ with the ATO. Also, if someone passes away, the Executor of their Estate will...
Why use an Accountant for your Tax Return The value of relationships As tax time nears, your Accountant will already have a solid understanding of your financial situation and can provide you with tailored tax advice to make the most of your money. As your...
How to make some extra savings before June 30 Imagine what you could do with the money... Reduce your home loan Top up your Super Have a holiday Deposit for an investment property Upgrade your car Before EOFY – reduce your Taxable Income by: Top up your...
The tax brackets have changed for the 2020-2021 financial year.Changes include an increase to the upper income threshold:19% income tax bracket: From $37,000 to $45,0005% income tax bracket: From $90,000 to $120,000These changes became effective from July 1 2020.So,...
Over the last couple of years individuals have been able to claim super contributions as a tax deduction. In order to be able to do this, a number of factors are involved:Your super contributions must be made with your after-tax income.This is because you have already...
Trauma Insurance and Total Permanent Disability Insurance, what’s the difference?Trauma Insurance and Total Permanent Disability (TPD) Insurance can sometimes be confused as the same insurance, however they support you through rather different circumstances, which is...
In 1986 Australia brought in the dreaded Fringe Benefit Tax (FBT). This prevented businesses from living a lavish lifestyle and having their business pay for their expenses, resulting in additional tax deductions that weren’t necessarily allowed.The most obvious...