Education tax refund
This initiative was introduced to assist families in meeting the cost of
educating their children. It requires good record keeping and we provide
a register to help you. |
Superannuation co-contribution
We present some creative ways to maximise the benefits of this
attractive superannuation subsidy. |
Prepaying expenses
Prepaying expenses before year end can be a great way to reducing your
current tax liability. |
Keeping records
A good system of records pays dividends in several ways. |
Leaving private health
insurance?
It might seem like a good idea. However, long term issues might out
weigh short term savings. |
Medical expenses
A tax offset is available to families with net medical expenses (after
rebates) exceeding $1,500 in a financial year. The tax offset is 20% of
the excess of net medical expenses over $1,500. |
For students
It is easy for students to overlook their tax obligations. If you earn
over $6000 you need to lodge a tax return. But there are some worthwhile
claims as well. |
Claiming bonuses
It is possible to salary sacrifice a bonus paid by your employer but
certain conditions must be met. |
Minor employee benefits
Infrequent gifts less than $300 to employees incur no FBT. |
Meal entertainment
deductibility
Tax deductibility depends on whether the food or drink is considered to
be "meal entertainment". |
Tax
tips