Posted in Tax

Do you have a basic PAYG Tax Return? Do you have a Tax Return that is more complicated? Do you prepare your own Tax Return? Do you have a Tax Accountant or Tax Agent prepare your Tax Return?   If you answered YES to any of the above, then a Personal Tax Return Checklist can assist you in gathering all the necessary documentation required to complete your Tax Return correctly.  You need to make sure you have all the r...

#Everyoneneedsaplan to be informed when completing their Tax Return. June 30 marked the end of the financial year and that means it is Tax Return Time.  If you are an employee, you should have received your PAYG Payment Summary from you employer. The ATO has a list of important lodgement dates on their website https://www.ato.gov.au/business/yearly-reports-and-returns/due-dates-for-the-current-financial-year/dates-by-topic/income-tax/ Will you make the most of your tax deductions? ...

  Most people would like to put some savings aside for their child, whether it be for paying for their education, buying them their first car, or helping them with the deposit for their first home.  However, depending on how you save those monies, the tax man could be taking more than their fair share! Here are 3 things you need to know when saving for your child's education
1. The primary issue for saving for children is the "minors income tax rates"...

Today, I started the process of acting for a client for the proposed purchase of a commercial property. Following is a list of reasons why appointing an independent representative to act on your behalf, when negotiating the purchase of a property, may help you make the whole process a lot less stressful: The independent representative usually does not have an emotional or financial stake in the transaction, which may increase your chances of achieving your budgeted purcha...

I recently developed a strategy for a client which, in effect, will increase their compulsory employer superannuation contributions. Employers often 'package' their employee's remuneration package, possibly including a car allowance. However, some employers only calculate their compulsory super contributions based on the gross base salary (which doesn't include the car allowance component) If the car allowance component is say $17,000, the employee may miss ou...