Frequently Asked Questions (FAQ’s) at Tax Time

Frequently Asked Questions (FAQ’s) at Tax Time

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. However, if you have previously lodged a ‘final return’ and aren’t...
Why use an Accountant for your Tax Return

Why use an Accountant for your Tax Return

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

How to make some extra savings before June 30

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...
New Tax Brackets – What does this mean for you?

New Tax Brackets – What does this mean for you?

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,...
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...