by Camden Professionals | Jun 15, 2023 | ATO, EOFY, Tax & Accounting, Tax Deductions, Tax Refunds
Did you know that you can make a concessional superannuation contribution and get $5000 or more as a tax refund this year? Super concessional contribution caps There is a limit on how much you can put into super each year from your pre-tax income. Such contributions...
by Camden Professionals | May 29, 2023 | ATO, EOFY, Small Business, Tax & Accounting, Tax Deductions, Tax Refunds
A guide to the strategies you can use to minimise your business tax. IS YOUR BUSINESS A “SMALL BUSINESS” ENTITY? Small businesses can access a range of tax concessions from the ATO. To qualify as a “Small Business Entity”, the business must have an aggregated turnover...
by Camden Professionals | May 29, 2023 | ATO, EOFY, Income Tax Returns, Tax & Accounting, Tax Deductions, Tax Refunds
Now’s the time to review what strategies you can use to minimise your tax before 30 June 2023. Imagine what you could do with tax saved? You could: Reduce your home loan Top up your super Save for a holiday (when we can travel again) Deposit for an Investment...
by Camden Professionals | May 26, 2023 | Announcements, ATO, Finance, HECS-HELP debt
The looming financial new year heralds an unwelcome extra cost for thousands of people who currently have HECS-HELP debts. This is because every unpaid debt is going to automatically increase when it’s indexed on June 1. In previous years, the HECS indexation...
by Camden Professionals | May 22, 2023 | Airbnb, ATO, EOFY, Income Tax Returns, Tax & Accounting, Tax Deductions
A few quick actions may help put some extra cash back in your pocket. Check out our top tax tips before the tax year ends on 30 June. The end of the financial year is almost here and many Australians are looking to find ways to reduce their tax. Whist we encourage...
by Camden Professionals | May 10, 2023 | Announcements, ATO, Business, Federal Budget 2023 -2024, Income Tax Returns, Tax & Accounting
In a response to increasing cost of living pressures, the Labor government’s second budget has put the spotlight on easing the impacts of rising inflation and driving wage growth. It is clear the Government is committed to achieving responsible and targeted relief for...
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