In This Edition:
Making claims for travel allowances is a handy deduction for many employees, especially as the ATO has seen fit to make an exception to substantiate these claims in many circumstances. However this consideration comes with a warning - get it right, or lose that exception. We run over the particulars.
Did you know that there are deductions that are specific to SMSFs? As usual however, there are conditions. We also look at deductions available for financing rental properties, the interaction between the new super transfer balance cap and child recipients of death benefits, and a tax break available for life policy bonuses held for a certain time.
Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.
Click here to view our August 2017 Newsletter...
Tax time is now here!
The new financial year is now upon us, which means it is personal tax return time!
G J Barnett and Associates have got a variety of ways to help you get your tax done.
You can book a face-to-face meeting with one of our accountants to talk through your tax matters.
To save you more time, you can communicate with us by phone, email or through our secure electronic portal and we can work with you to finalise your tax without you even needing to visit the office if you want. Either way is fine.
We have your history on file and access to a range of deduction finders for each profession that we can provide to you to help you work out your deductions in advance.
We're always looking for better ways to help you deal with your tax issues and maximise your returns.
Just contact us and we'll get things moving for you.
GJB's Online Portal
Click here to find out more about our Online Portal to save you time and much more.
Should you require more information regarding any topic covered in our newsletter, please contact GJB on 02 9686 3130 for advice on #yourself, #yourbusiness or #yoursuper.
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Disclaimer: All information provided in this newsletter is of a general nature only and is not personal financial or investment advice. Also, changes in legislation may occur frequently. We recommend that our formal advice be obtained before acting on the basis of this information.