by Investment Plus Accounting Group | Jul 24, 2025 | ATO, Income Tax, Tax Refunds
As the cost of living continues to rise, it’s no surprise that many Australians are eager to lodge their tax returns as soon as the financial year ends. With nearly half the country expecting a refund, it’s tempting to file early and pocket that cash. But the...
by Peter Ristevski | Apr 29, 2024 | ATO, Income Tax, Tax & Accounting, Tax Deductions, Tax Refunds
Staying compliant and maintaining consistency in your tax planning can lead to substantial annual savings, allowing you to allocate funds towards your priorities and the expansion of your business and wealth creation plans The Australian Taxation Office (ATO) defines...
by Investment Plus Accounting Group | Oct 23, 2023 | ATO, Tax & Accounting, Tax Deductions, Tax Refunds
You must have come across the term tax offset being used in conversations regarding taxes, especially around tax time. As per the Australian Taxation Office (ATO), a tax offset will directly reduce or offset the amount of tax payable on a person’s taxable income in a...
by Investment Plus Accounting Group | Oct 23, 2023 | ATO, salary sacrifice, Tax Refunds
What Is Salary Sacrificing Or Salary Packaging? Salary sacrificing is also called total remuneration packaging or salary packaging. A salary sacrifice arrangement is when an employee agrees to receive less take-home income from the employer in return for benefits of...
by Investment Plus Accounting Group | Aug 15, 2023 | ATO, Tax Refunds
The tax refund many Australians expect has dramatically reduced. The ATO has made some changes that may affect your tax refund. It may be vastly lower than you think, or you may receive a tax bill! This could be for numerous reasons, including: The Low and Middle...
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...
