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Money Doesn’t Come Without Guidance ...

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22
May

WHAT IS ‘INCOME TESTS’ IN MY TAX RETURN

Income tests provide guidance about individual’s eligibility and entitlement for a number of tax offsets, benefits, and obligations that is decided by ATO and other government organisations. &nb...

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22
May

COMMONLY USED TAX OFFSETS

Before you submit your tax return, you need to know the common tax offsets that can be claimed. Various tax offsets and rebates apply to reduce an individual's income tax. Following are some commo...

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22
May

Tax implications on investment properties and rental property income

Investing Property Income All the profits or returns from investment usually become a part of individual’s income for tax purposes. All the expenses related to investment are tax deductible. ...

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22
May

Tax implications for having a private health insurance cover

Australia enjoys one of the best health systems in the world. Australian government has taken several initiatives to encourage its citizens to have a private health insurance.  Australian governme...

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22
May

Medicare levy

It's an amount paid by the taxpayers to help fund Medicare. It is calculated at a flat rate of 2% of a taxpayer's taxable income over a certain level. The Medicare levy low income threshold...

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