Financial year end 2012 readiness

Does the preparation of your tax return find you having to pay tax rather than to receive a refund? To state the obvious, this arises when you have no tax paid, or you haven’t paid sufficient instalments to cover the year’s liability. So now you have to plan payment of the last year’s tax - and think of ways to manage your tax affairs so as to not be ‘caught [...]

By |2018-01-04T11:31:32+10:00April 19, 2012|General, Tax|0 Comments

Spouse Superannuation Contributions Tax Offset

The Spouse Superannuation Contributions Tax Offset was introduced to provide a way for spouses to help build the superannuation accumulations of the other in eligible circumstances. A spouse contribution refers to when a person makes a contribution into their spouse’s superannuation account. Provided certain income thresholds are met, the contributing spouse can receive a tax rebate of up to $540 on the contribution. Whilst there are no limits on the [...]

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