Ph: 0422 311 350

Tax Tips

Being financially fit is about having good financial habits that help you keep on top of your money and achieve your goals. It's never too late to get fit so why not take our financial fitness test?

The 2015 Federal budget has been released and has quite a few measures for small business that you can capitalise on to reduce your tax and improve your cash flow.

Sometimes hard work really does pay off and if you've recently received a bonus at work then congratulations to you!

There are lots of tax considerations when it comes to getting a one-off bonus. For instance, it can push a PAYG employee's pay packet into a higher tax bracket and incur paying too much tax. So how can we calculate the tax properly and not pay too much tax when we get a bonus?

It's quite wise to introduce children to the concept of saving when they are young. Many parents and grand-parents will start a small bank account for their children and encourage them to put their pocket money in it for something they really want. Over time, regular deposits plus money from birthdays or Christmas or even part-time earnings such as working at McDonald can really add up. Who pays the tax on any interest earned on these accounts? Is it the parent or the child?

With superannuation taking up almost 10% of your salary it is vital to continuously evaluate your super funds performance, fees and insurance. So which super funds are currently performing best?


Our office

Phone
0422 311 350

Email

Address
3/2a Martin Place
Mortdale NSW 2223

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