TAX TIPS FOR EMPLOYEES

Do you know the tax deductions and offsets for which you might be eligible this financial year? Just remember that for an expense to qualify: you must have spent the money yourself it must be directly related to earning your income it must not have been reimbursed you must have the relevant records to prove …

2019/20 Federal Budget

1. Personal income tax 1.1 Changes to personal income tax rates The Government has proposed the following changes to the personal income tax rates: 1. From 1 July 2022, the Government will increase the upper threshold of the 19% personal income tax bracket to $45,000. The rates below do not include the Medicare Levy.   …
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