How highly taxed are we compared to other countries?
How highly taxed are we compared to other countries?
How highly taxed are we compared to other countries?
How highly taxed are we compared to other countries?
Divorce and Your Super Savings
Divorce and Your Super Savings
Divorce and Your Super Savings
Divorce and Your Super Savings
Australia's Longevity Outlook
Australia's Longevity Outlook
Australia's Longevity Outlook
Australia's Longevity Outlook
Act Now To Secure These Business Deductions
Act Now To Secure These Business Deductions
Act Now To Secure These Business Deductions
Act Now To Secure These Business Deductions
Tax help for people affected by bushfires
Tax help for people affected by bushfires
Tax help for people affected by bushfires
Tax help for people affected by bushfires
New Government Likely Tax & Super Changes
New Government Likely Tax & Super Changes
New Government Likely Tax & Super Changes
New Government Likely Tax & Super Changes
How long does it take to earn the price of a beer?
How long does it take to earn the price of a beer?
How long does it take to earn the price of a beer?
How long does it take to earn the price of a beer?
Increase in Medicare levy to affect other tax rates
Increase in Medicare levy to affect other tax rates
Increase in Medicare levy to affect other tax rates
Increase in Medicare levy to affect other tax rates
Private Health Insurance Tax Return Changes [Video]
Private Health Insurance Tax Return Changes [Video]
Private Health Insurance Tax Return Changes [Video]
Private Health Insurance Tax Return Changes [Video]
Hurrah! Loss carry-back measures finally law
Hurrah! Loss carry-back measures finally law
Hurrah! Loss carry-back measures finally law
Hurrah! Loss carry-back measures finally law
Experienced Office Admin for Central Coast Accounting Firm
Experienced Office Admin for Central Coast Accounting Firm
Experienced Office Admin for Central Coast Accounting Firm
Experienced Office Admin for Central Coast Accounting Firm
What’s the best way to spend your tax refund? A few good ideas
What’s the best way to spend your tax refund? A few good ideas
What’s the best way to spend your tax refund? A few good ideas
What’s the best way to spend your tax refund? A few good ideas
Super considerations as we approach year-end [Video]
Super considerations as we approach year-end [Video]
Super considerations as we approach year-end [Video]
Super considerations as we approach year-end [Video]
$600 Carer Supplement 2013
$600 Carer Supplement 2013
$600 Carer Supplement 2013
$600 Carer Supplement 2013
2013 Medicare Levy Low Income Thresholds
2013 Medicare Levy Low Income Thresholds
2013 Medicare Levy Low Income Thresholds
2013 Medicare Levy Low Income Thresholds
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How highly taxed are we compared to other countries?

Australia is the fifth-lowest taxed nation

While many of us may feel that we’re already paying enough to the taxman, recent Organisation for Economic Co-operation and Development (OECD) data reveals that Australia is in fact the fifth-lowest taxed nation of the 34 OECD member countries. (Statistics are taken from 2012 or the latest available year.) Australian total tax revenue was measured […]

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Act Now To Secure These Business Deductions

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Small businesses may want to act now and bring forward their capital purchases if they still wish to utilise the instant asset write-off of $6,500 or the $5,000 motor vehicle write-off in 2013-14. The details of the government’s repeal of the Minerals Resource Rent Tax (MRRT) make it clear that some small business tax concessions […]

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Tax help for people affected by bushfires

Wildfire-iStock

The ATO have said that refunds will be fast tracked for people directly affected by bushfires and they will have additional time to lodge income tax returns and activity statements. “You do not need to apply for a deferral or a faster refund if your business or residential address is in one of the identified […]

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Increase in Medicare levy to affect other tax rates

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By now, most of you will be aware of the government’s decision to increase the Medicare levy by 0.5% to fund Australia’s DisabilityCare program. From July 1, 2014, the Medicare levy will increase from 1.5% to 2% of taxable income. What many people may not realise however is that the Medicare levy increase will cause […]

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Private Health Insurance Tax Return Changes [Video]

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From the 2012–13 financial year (so for your current tax return), the private health insurance rebate is being income tested against three income tier thresholds. This means if you have private health insurance, the amount of rebate you will be entitled to receive is reduced if your income is more than certain threshold income amounts […]

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What’s the best way to spend your tax refund? A few good ideas

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It is not unusual for a person to let out a big whoop of joy when they receive their tax refund but bear in mind – the refund is tax you have overpaid, not the lottery. To ensure you make the most of money that you have worked hard for, a wealth management expert has […]

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2013 Medicare Levy Low Income Thresholds

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The Medicare Levy has certainly been making headlines lately. There are a lot of changes ahead but, for now at least, low Income individuals and families can still qualify for an exemption or a reduction in the amount of Medicare Levy they have to pay, based on family income. The 2012-13 Medicare Levy low income […]

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DisabilityCare and the Medicare Levy

medicare

The Gillard Government today announces changes to the Medicare levy to build a better life for Australians with significant and permanent disability. According to the Government media release, “Labor is transforming disability services by creating and locking in funding for DisabilityCare Australia, the national disability insurance scheme. [quote float="right"]For someone earning around average wages of […]

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Self Education Expenses Cap on Deductions

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In a Media Release earlier today the Government announced that it will “better target work related self-education deductions” as part of a package of reforms to make a down-payment on the National Plan for School Improvement. Education expenses include formal qualifications and associated tuition fees, textbooks, stationery and travel expenses and also conferences, seminars and […]

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The End of Tax Refund Cheques – bank details required

Electronic refunds only from 1 July 2013

From 1 July 2013, individual income tax returns with an expected refund will be required to include bank account information in order to be lodged. That’s right… it’s not optional any more. [quote float="right"] Be ready this year with the bank account details where you want your tax refund paid[/quote] Apparently a large number of […]