Have you heard that starting salary packaging could impact your tax position? That depends on your financial circumstances. But it’s good to know your options. How do you get an idea of the potential tax impact? A calculator could help. That’s why we...
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,...
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