The Australian Taxation Office (ATO) defines a small business as having a total annual income between $2 million and $10 million. If your firm falls into this criterion, we have gathered some useful information on tax breaks for you. A tax break is any sort of tax deduction, tax credit or tax exemption. It is …
Superannuation is a system that encourages you to save money in a fund throughout your life to get pension like payments when you retire. You make after-tax payments to the fund annually and the trustee invests the money elsewhere helping your fund grow while you earn. The superannuation constitutes of your own payments, government contribution …
Introduced by Australian Government in the 2017–18 Federal Budget , the first home super saver (FHSS) allows you to save money for your first home inside your superannuation fund. This will help first home buyers save faster and reduce the added pressure of housing affordability. What Is It? From 1 July 2017, you can make voluntary …