Blog

Money Doesn’t Come Without Guidance ...

Blog Image
23
May

CLAIMING DEDUCTIONS FOR HOME OFFICE EXPENSES

If anyone uses his/her home for his/her employment activities, then he/she can claim all or part of its expenses as a tax deduction and the expenses will be called home office expense. Expenses that ...

Read More

Blog Image
23
May

SUPERANNUATION AND TAX ON SUPERANNUATION CONTRIBUTIONS

Superannuation Superannuation or Super is the approach of saving money for your retirement. This arrangement commences when you start working in an organisation. The fund invests in sectors like: sh...

Read More

Blog Image
23
May

TEMPORARY BUDGET REPAIR LEVY

The Temporary Budget Repair Levy (TBRL) ensures that high income Australians are contributing to repairing Australia's finances as well as share the burden of reducing the country’s debt. Th...

Read More

Blog Image
23
May

WHAT IS LOW INCOME TAX OFFSET?

Low Income Tax Offset (LITO) refers to the amount which is subtracted from, an individual’s tax payable. An Individual can claim for tax offset, if he/she is a low-income earner; for instance, P...

Read More

Blog Image
23
May

KEEPING YOUR TAX RECORDS

As an individual taxpayer, you are responsible for the amount you declared or claimed on your tax return as Australian tax system relies on taxpayers’ self-assessment system. Keeping your tax record...

Read More