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Tax Minimisation

Wednesday, June 27, 2012

Individuals looking to maximise their superannuation dollar, who will earn less than $61,920 in the 2011/12 financial year should look to make an after-tax contribution to their superannuation to qualify for the Government Co-Contribution.

At present the government will match after tax contributions dollar for dollar up to a maximum

of $1,000 for a person earning up to $31,920. The maximum then reduces by 3.333 cents for every dollar of total income, less allowable business deductions over $31,920 reducing to nil at $61,920.

From 1 July 2012, the maximum co-contribution payable will be halved to $500 a year

Social Media and Online Security

Friday, May 18, 2012

Hello All,

After reading this article from the ATO, I thought it wise to share with everyone.


http://www.ato.gov.au/onlineservices/content.aspx?menuid=41675&doc=/content/62347.htm&page=4&H4 


This ATO report tells you what they will NOT ask you. and what to do if you suspect a scam.

Social Media is filtering into more and more of society and is important to know what information should only be kept to yourself. 


Stay safe online with the new tax season coming soon!


Catherine


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