by Investment Plus Accounting Group | Jan 29, 2024 | Income Tax, Tax & Accounting, Tax Deductions
If you’re a taxpayer, you will be paying less tax from July. The federal government has committed to shifting tax cuts that were legislated half a decade ago to provide more benefits to low- and middle-income workers. It breaks an election promise not to touch...
by Peter Ristevski | Jan 22, 2024 | Cashflow, Government Support, How To, Income Tax
The start of the new year brings a myriad of changes, influencing various aspects such as the tax rates for many Australians and the amount of superannuation they are entitled to receive. We have put together a list of the major changes that will apply in 2024....
by Investment Plus Accounting Group | Nov 14, 2023 | ATO, Income Tax, Tax & Accounting
It’s quite common for people to structure their professional affairs by setting up an entity to run their business through. This could be a trust, a partnership or, most often, a company. Clearly, this could be a very effective way of sheltering profits for a small...
by Investment Plus Accounting Group | Jun 29, 2023 | ATO, EOFY, How To, Income Tax, Tax & Accounting, Tax Deductions, Tax Refunds
Its Tax Time again and as you prepare for lodging your return we want to ensure why you need to understand the importance of lodging your returns and fulfilling your tax obligations. Lodging an income tax return is an important financial responsibility for individuals...
by Investment Plus Accounting Group | Jun 8, 2023 | How To, Income Tax, Superannuation, Tax & Accounting, Tax Refunds
Did you know that you can make a concessional superannuation contribution and get $5000 or more as a tax refund this year? Super concessional contribution caps There is a limit on how much you can put into super each year from your pre-tax income. Such contributions...
by Investment Plus Accounting Group | May 29, 2023 | ATO, How To, Income Tax, Small Business, Tax & Accounting, Tax debts
If your ATO or SRO debt is consuming your life and finances, you need someone to help you efficiently and professionally; tax debt does not disappear if you ignore it. Our goal is to resolve your tax debt and make it as stress-free as possible, and we strive to...
