For the 2019 financial year, most individuals have a concessional contributions cap to Superannuation of $25,000. This capped amount includes employer contributions (including contributions made under a salary sacrifice arrangement) and personal contributions. Your personal contributions can often be claimed as a tax deduction –providing you notify your super fund and get confirmation prior to […]
Monthly Archives: June 2019
Claim deductions for everything you are entitled to claim: But, only claim legitimate items. Keep good records: Be organised, keep receipts, and fill in motor vehicle logbook regularly. Get advice from a professional Accountant who is a Registered Tax Agent: He/she should find additional expenses, and tax offsets for you. Don’t forget the small stuff: […]
Listed below are some possible tax deductions that you may have overlooked: Sunscreen, laundry, dry cleaning, briefcase, self-education; home office electricity, printer ink, copy paper, stationery, protective work boots, protective clothing, subscriptions, salary package fees, income protection insurance, personal contributions to superannuation, disability aids, mobile phone use, internet use, seminars, conferences, specific investment advice. The […]
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