There are a number of financial benefits available to ADF personnel when they complete their annual personal tax returns. Defence tax As a member of the Australian Airforce, Army or Navy it is likely that you will acquire some expenses over the course of each year relating to trai.....
Advice For New Members of the ADF As a new member of the Australian Airforce, Army or Navy, you should get to know the facts about how your tax return will differ from returns lodged prior to joining the ADF. Defence force tax returns can be complicated when it comes to understand.....
The ATO has reported that, in 2018, 6.7 million tax payers claimed a record $7.9 billion in deductions for ‘other work-related expenses’, which includes expenses related to working from home (i.e. home office expenses). Along with this increase in the number of claims for hom.....
There is a cap on the concessional superannuation contributions you make to your superannuation each financial year. If you contribute over these caps, you may have to pay extra tax. The cap amount and how much extra tax you have to pay may depend on your age, which financial year your contribut.....
Borrowing money to invest is called 'gearing'. If you have borrowed to invest and your making a loss, you are negatively geared. If you are making a profit you are positively geared. Either way, gearing will still cost you money. What is negative gearing? Negative gearing is when you .....
4/438 Samford Road
Gaythorne, QLD 4051
1300 36 65 29
© 2024 Austaxqld Pty Ltd Public Accountants & Tax Agents
