Everyone loves paying tax!!! not...  Managing tax is an area that most people feel uncomfortable with and the rules are always changing. In this workshop we go through the basics of how our tax system works and some things to consider that may put you in a better position to retain more of your hard-earned dollars.

Key Insights

• Understand how your income is taxed

• Look at opportunities to manage income

• Make the most of tax deductions and keep good records (check out the expense manager application below)

• Understand tax credits / offsets / concessions

• Have a detailed tax plan and review it regularly

• Maximise what you claim

  -Tax agent fees

  -Union and professional membership fees

  -Work related car expenses

  -Home office expenses (working from home)

  -Mobile phone (work calls)

  -Internet expenses

  -Charitable donations

• Be mindful of contribution caps

• Super death benefits tax – beneficiary – lump sum or income stream can make a difference

• Withdrawal and re -contribution strategies

• Be aware of anti – avoidance provisions

• Tax can be complex - seek professional advice