Stage Three tax cuts

Tax cuts 2024 Tax Cuts are meant to be here from 1/7/2023 Just to refresh, here’s a simplified version of what the brackets are now: Earn up to $18,200 – pay no tax Earn $18,201 to $45,000 – pay a 19 per cent tax rate Earn $45,001 to $120,000 – pay a 32.5 per cent…

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what is new for tax 2021

Changes to tax returns 2021   ATO Warning – Copy & Pasting Claims ATO are setting their sights on work related expenses (such as motor vehicle, travel claims, laundry, uniform purchases and business trips). The expectation is that these deductions should reduce for taxpayers who were working from home during COVID 19. However, the ATO…

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Five common questions you should be asking your Accountant

A great person to ask what you should be asking your accountant is an accountant. So I have prepared five great questions to ask accountant.   What can I claim? Of course your accountant should be asked to explain the deductions that are available to your circumstances and occupation or business. These may be available…

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