FP – Taxation

Tax concessions, the work test and getting it right with super | AMP Capital

Tax concessions, the work test and getting it right with super Workers compensation and income protection If you are in an employment arrangement and receiving: workers compensation payments from their employer or insurer, or income protection payments from their employer, insurer or super fund …you may still be gainfully employed and satisfy the work test even though you are not currently undertaking physical work providing any payment has a connection to your employment arrangement. If …

FinancialPartners 28/02/2020 03/03/2020 Blog / FP - Super - Accumulation / FP - Taxation arrangement / compensation / Employment / from / income / Payments / protection If / receiving workers / Workers

6 steps to get your money stuff together

6 steps to get your money stuff together If you’re like three out of four Australians, you may have started the year without a proper budget.i Research indicates that over a third of us believe budgeting is too much effort and almost one in five Aussies say budgeting takes too much time.i Here are some easy wins to keep you on the right track for 2019 1. Work out your goals If you don’t know …

FinancialPartners 08/05/2019 02/04/2019 Blog / FP - Budgeting / FP - Estate Planning / FP - Financial Planning / FP - Managing Money / FP - Money Management / FP - Taxation 6 steps to get your money stuff together / Budget / Budgeting / go paperless / goals / Money / shop around / Steps / stuff / Tax / tax sorted / to get your money stuff together / together / Will

How Australians will use their tax return

How Australians will use their tax return With nearly one in three people planning to save their tax return, have you considered what you might do with yours? This year more than 75% of Australians expect to receive a tax return, with a large portion of the population planning to use the money they receive to take the edge off their financial commitments.i We look at the most common ways people intend on using their …

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Do I need an accountant to do my tax return?

Do I need an accountant to do my tax return? Depending on whether your finances are straightforward or more complex, you may choose to do your tax return yourself or engage a professional. If you have multiple sources of income, various investments, possibly your own business or have lots of deductible work-related expenses, using an accountant (who’ll need to be a registered tax agent1) to prepare and lodge your tax return may be useful. However, …

FinancialPartners 03/07/2018 20/08/2018 Blog / FP - Taxation Accountant / ATO / ATO APP / Australian / Australian Taxation Office / Do I need an accountant to do my tax return? / Lodging / Lodging your tax return yourself / myGov / myGov website / myTax / Tax Practitioners Board / Tax Practitioners Board (TPB) / tax return / tax return yourself / Taxation Office / TPB / website

Watch out for tax scams

Watch out for tax scams The end of the financial year will likely bring the usual wave of scams. Here’s what to watch for. The Federal Budget is behind us, and amid the celebrations over tax cuts (around $500 annually for low to middle income earners), now is the time to be mindful of scammers pretending to be from government bodies – especially the Tax Office. In some cases, scam victims have lost close to …

FinancialPartners 21/06/2018 20/08/2018 Blog / E - Paul Clitheroe / FP - Credit & Finance / FP - Taxation ATO / Beware scams posing as ASIC / Dodgy emails / Protect yourself / scams / Tax / tax scams / Watch out / Watch out for tax scams

Are you entitled to a tax deduction on personal super contributions?

Are you entitled to a tax deduction on personal super contributions? This financial year is the first time that employees can claim a tax deduction for their personal super contributions. Personal super contributions made during the 2017-18 financial year can now be claimed as a tax deduction by most Australian workers. This follows changes made by the government which came into effect on 1 July 2017. Previously, only the self-employed, unemployed, retirees, or those who …

FinancialPartners 20/06/2018 20/08/2018 Blog / FP - Super - Accumulation / FP - Taxation Are you entitled to a tax deduction on personal super contributions? / contributions / End of Financial Year / End of Financial Year Tax consideration / entitled / How tax deductible personal super contributions work / personal super / super / superannuation / Tax consideration / Tax Deduction

Work expenses – what can you claim on tax?

Work expenses – what can you claim on tax? With the ATO keeping a close eye on deductions, make sure you’re across what you can and can’t claim. If you’re claiming back some of the money you’ve spent as part of your job this year, it’s a good idea to ensure you’ve kept the appropriate records that may be required ahead of lodging your tax return. The Australian Taxation Office (ATO) said recently Aussies needed …

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Watch out for tax scams

Watch out for tax scams The end of the financial year will likely bring the usual wave of scams. Here’s what to look for. The Federal Budget is behind us, and amid the celebrations over tax cuts (around $500 annually for low to middle income earners if proposals are legislated), now is the time to be mindful of scammers pretending to be from government bodies – especially the Australian Taxation Office (ATO). In some cases, scam victims …

FinancialPartners 28/05/2018 20/08/2018 Blog / E - Paul Clitheroe / FP - Managing Money / FP - Taxation ASIC / ATO / Beware scams posing as ASIC / Dodgy emails / Protect yourself / Protect yourself – and your money / Scam victims / Scam victims can pay dearly / scams / Tax / tax scams / Watch out / Watch out for tax scams

Now’s the time for tax planning

Now’s the time for tax planning With less than ten weeks remaining to the end of the financial year, now is the time to start some serious tax planning. Getting ready for tax time should go well beyond bundling receipts into a shoe box for your accountant. The run up to 30 June is a critical time for investors to take a good look at their investment portfolio. Your goals and needs may have shifted …

FinancialPartners 03/05/2018 20/08/2018 Blog / E - Paul Clitheroe / FP - Taxation Now’s the time / Now’s the time for tax planning / Planning / Tax / tax planning / Time

5 ways Australians will use their tax return this year

5 ways Australians will use their tax return this year With nearly one in three people planning to save their tax return, have you considered what you might do with yours? This year more than 75% of Australians expect to receive a tax return, with a large portion of the population planning to use the money they receive to take the edge off their financial commitments.i We look at the most common ways people intend …