With the uncertainty spotlight on the Australian federal government budget o reduce the ability of rental property owners to claim tax deductions for rental ownership expenses, we outline some of the changes the government is introducing to reduce this powerful tool for tax minimisation and wealth creation. The abolition of claiming a travel expense to…

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Claiming superannuation deductions now for employees from 2018 tax year Until the 2017 tax return only self employed could claim extra superannuation contributions and this had to be effectively done through salary sacrificing to super. However, from 2018 tax returns employees can also claim super contributions. This can be a great tool to reduce your…

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