Claiming Super Contributions at Tax Time

Claiming Super Contributions at Tax Time

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 vs TPD Insurance

Trauma Insurance vs TPD Insurance

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...
You could save by Salary Packaging your day to day Expenses!

You could save by Salary Packaging your day to day Expenses!

Imagine if you could pay for some of your living costs before the tax man gets his cut? Salary Packaging allows you to pay for a variety of your everyday expenses with your before tax income – this will lower your taxable income and you will pay less tax!Eligible...
Home Office Expenses & Covid-19

Home Office Expenses & Covid-19

Due to COVID-19, the ATO have implemented different Home Office deductions from March 2020 to June 2020. These deductions are calculated 1 of 3 ways.Shortcut method. 80c per hour worked from home.This is to cover ALL expenses, including: Phone expenses, internet...
Make your money work better

Make your money work better

Budgeting is: Boring? Yes. Time consuming? Often. Important? Definitely!   According to the Australian Bureau of Statistics (ABS), the average annual ordinary time earnings for full-time adults in Australia in November 2019 was $86,268. This is $66,039 in your...