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Legally Save Tax – Part 4 – Tidy up the house

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End of Year adjustments to make saving by tax planning INVESTMENT PROPERTY DEPRECIATION If you own a rental property and haven’t already done so, arrange for the preparation of a Property Depreciation Report to allow you to claim the maximum amount of depreciation and building write-off deductions on your rental property. But most of all … Read more

LEGALLY SAVE TAX – Part 2 – Super Strategies to save you CASH!

Fixed Fee Accounting

Save on Tax this year with this Super Strategy! MAXIMISE DEDUCTIBLE SUPER CONTRIBUTIONS The concessional superannuation cap for this financial year is $27,500 for people of all. From 1 July 2021, the general concessional contributions cap is $27,500 for all individuals regardless of age. Do not go over this limit or you will pay more … Read more

Cryptocurrency Guidance

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ATO’s additional guidance on cryptocurrency Crypto is an ever-changing world of investing and innovation, and it feels like these updates will be never-ending. Buying, selling, holding, minting or mining you’re going to need to understand that when you dispose of something it needs to be accounted for and treated for tax in your tax return. … Read more