Salary Sacrifice – Tax Facts

If you enter into a salary-sacrifice arrangement, your income tax liability should decrease compared to not entering into the agreement. However, before committing into any arrangement, it's crucial to consider…

0 Comments

Redundancy – Tax Facts

"According to the ATO, a bona fide redundancy payment is defined as compensation received by an employee under the age of 66 upon being dismissed from their job due to…

0 Comments

ATO Hit List – Tax Facts

The ATO has provided a set of straightforward guidelines to ensure the accuracy of your claim for work-related expenses: • The expense must have been incurred during the year for…

0 Comments

Family Trust – Tax Facts

Trusts offer several advantages for managing your wealth, which include: Protection of Assets: In certain situations, family assets can be shielded from creditors and other potential threats in the event…

0 Comments

Childcare – Tax Facts

Starting from 7 March 2022, the childcare subsidy has been raised by 30 percent, with a maximum of 95 percent for the second and subsequent children in childcare, and there…

0 Comments