Did you know that if you incurred net medical expenses of over $2,060 for the 30 June 2012 financial year, you are entitled to a 20% rebate/refund for costs over that threshold? For anyone who has spent money on their health care in the past financial year, these costs should be included at item T9…
DetailsIt’s not too late to make some new financial year resolutions. Here are a few to consider: Use one bank account for all your tax deductible costs so next year you have a record of all your tax deductions (and keep the supporting invoices/receipts required); Use a budget in some form. You rarely achieve a…
DetailsTomorrow is 30 June, the last opportunity you will have this financial year to incurr deductible expenses for your personal tax return. Keep this in mind if there is anything you are interested in spending on for work/career/business (and maybe go spending tomorrow). For individuals this must be paid for to claim for 30 June…
DetailsThe federal government is means testing the 30% private health insurance rebate from 1 July 2012. If you earn a taxable income of $84,000 as an individual or $168,000 as a married couple then you will be paying a higher private health insurance premium as a result. Health funds are offering the option to prepay…
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