Jun 25th, 2014

Deductions, some changes…

1/    ATO Focus – Individuals In the year 2014, the ATO is focusing on work-related deductions of taxpayers, in particular, overnight travel, transporting bulky tools and equipment, and the work related use of electronic devices. The Tax Office is reminding taxpayers that they should only be claiming expenses that they are entitled to and […]

May 13th, 2014

Budget 2014

Health A $7 co-contribution fee for Medicare will be introduced, and an indexation freeze will apply for the Medicare safety net threshold. Patients with concession cards and children under 16 will have their contributions capped at 10 visits. The budget also outlined a $20 billion Medical Research Future Fund, described by Treasurer Joe Hockey as […]

Apr 18th, 2014

Rates, Free online accounting ?

Rates:  • Basic individual tax return: from $82.50 • BAS preparation and online lodgement: from $180.00 • Discounts for the Transition Networks Australia, Permaculture members, Barrett House groups,  and other members of local firms and organisations involved in sustainability and human values education and projects. FREE Quickbooks Online accounting subscription (30 day free trial): OFFER UNTIL 31 December 2014 • […]

Apr 1st, 2014

Your super

Concessional contributions cap Concessional contributions include: employer contributions (including contributions made under a salary sacrifice arrangement) personal contributions claimed as a tax deduction by a self-employed person. Concessional contributions general cap for a given income year Income year Amount of general cap 2014-15 $30,000 2013–14 $25,000 2012–13 $25,000 2011–12 $25,000 2010–11 $25,000 2009–10 $25,000 2008–09 […]

Aug 15th, 2013

Disclaimer

Every effort has been made to offer the most current, correct and clearly expressed information possible within this site. Nonetheless, inadvertent errors can occur and applicable laws, rules and regulations may change. The information contained in this site is general and is not intended to serve as advice. No warranty is given in relation to […]

Jul 18th, 2013

Tax 2013/2014

Jul 18th, 2013

Summary, Key lodgment dates for BAS (last 2013 to last 2014) – Papers and Electronic lodgments

Quarterly lodgment obligation Original due date BAS/Tax agent concession for lodgment and payment if lodging via the BAS/Tax Agent Portal, SBR or ECI Quarter 4, 2012–13 28 July 2013 25 August 2013 Quarter 1, 2013–14 28 Oct 2013 25 November 2013 Quarter 2, 2013–14 28 Feb 2014 n/aThe quarter 2 lodgment due date is more than eight weeks after the end of the quarter, […]

Jan 1st, 2012

Health Fund and Tax Offset 2012

In the 2009-10 Budget, the government announced that the private health insurance rebate will be income tested. To do this the government introduced legislation with three new ‘Private health incentive tiers’ with effect from 1 January 2012. This measure will apply on and after 1 January 2012, and from that date individuals and families may […]