Want To Get Your Tax Back Before the Financial Year? Then an Income Tax Withholding Variation could be right for you! For the people who are new to this I will briefly explain what an Income Tax Withholding Variation is: PAYG income tax withholding variation (ITWV) is used for people on the PAYG (Pay As
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You currently have or may be considering, applying for a PAYG Withholding Variation. This allows you to receive your expected tax refund during the year as part of a reduction in your income tax withheld from wages/salaries, rather than waiting for the year end tax refund. It certainly helps with cashflow when you have investment
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I’ve just read an article stating that over 60% of tax returns that have been self-lodged by Australian tax payers using MyTax have had errors in them and the majority of those errors have been in favour of the ATO! That’s money that could have been in their pockets but has stayed with the ATO.
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On Wednesday 9 November 2016, the Government introduced its superannuation legislation which makes changes to the superannuation laws it originally announced in the 2016 Federal Budget. Most of these changes will apply from 1 July 2017 so it might be sensible to for you to start thinking about how your superannuation will be impacted by
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Rates are indexed twice a year in line with the consumer price index (CPI) and will change again in February 2017. Rates also changed on 1 July 2016 due to a change in the road user charge and the re-introduction of excise duty rates on biofuels.
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It’s the end of the Australian financial year which means, for those who have incurred personal expenses in the course of their business, it’s tax return season and, ideally, tax refund season. And of course, our expert team at The A Firm can help you maximise your refund!
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