The month of June is not the time to start tax planning – NOW is. There are many things you can do to legally minimise your income tax. I will list a few. Undertake and pay for: • work related study • work related travel • work related car expenses • work related uniforms and […]
The Government has announced an increase to the “low and middle-income earner” tax offset. The reality of this change is: Tax Offsets were already in place, for taxpayers. The Federal Government has changed the amounts of Tax Offsets. It actually only increases for taxpayers with taxable incomes between $37,001 to $125999. Some examples are listed […]
If you work from home: keep a diary of hours worked in your home office for your job or business and record your internet and telephone usage. Donations: Make donations to registered charities before 30th June and obtain a receipt in the name of the highest income earner in your family. Income Protection Insurance: This […]