Navigating the complexities of taxation in retirement is crucial for maximizing your financial well-being. In this blog, we outline what you need to know about navigating tax in retirement – from the options available to you to strategies to minimise tax.
On May 9, 2023, Australian Federal Treasurer Jim Chalmers delivered the 2023-2024 Federal Budget. In this budget, there was no mention of extending the Low- and Middle-Income Earner Tax Offset beyond the 2021-2022 financial year. The Low-and Middle-Income Earner Tax Offset (LMITO) was first introduced in the 2019-2020 Federal Budget to provide a level of […]
Tax time can be a stressful period for both individuals and businesses. However, with the right preparation and guidance, you can make the process smoother and more manageable. In this blog, we’ll provide 5 essential tips to help you prepare for tax time 2023 in Australia.
Working from home may mean you are incurring extra costs for power, internet, and other work-related expenses – so, are you claiming these expenses on your tax return? Talk to Agilis CA to help maximise your tax return.
Do you understand your personal income tax, what you must declare, and how much you can claim? Agilis CA can help get your taxable income correct, maximise allowable deductions and help get you the best tax return.
Do you earn more than $250,000 per year? If you do, are you aware of your requirements conferring with Division 293 Tax? Division 293 is an additional tax on high income earners, but many individuals are not aware of it and whether it applies to them. Agilis CA is here to break down what […]
Do you want to make sure you aren’t paying too much Capital Gains Tax? Agilis CA can help ensure you receive any exemptions, discounts, or small business concessions allowed, as well as check for special circumstances.
There has been an increased level of confusion amongst licensed operators in the building and construction industry over QBCC reporting – What is the reporting process? Who is reported to? What needs to be reported? Agilis CA is here to help explain QBCC reporting, and how we can assist you throughout this process.
Decision making can be hard. As humans, we often suffer from mental biases that hinder our ability to make ideal choices. Or we simply leave things in the ‘too hard basket ’knowing we will get around to sorting it out one day. As a financial adviser, I often find myself helping clients navigate this process, […]
When planning your ‘Christmas Party’ be sure you understand the tax situation for you and your staff concerning ‘staff entertaining’.