Archive for the 'General' Category
Low income tax offsets
Sunday, June 24th, 2007There are a lot of tax offsets increasing their thresholds from 1 July 2007. Must be an election coming up soon.
A tax offset is a money the government gives back to you to help reduce your tax debt if you are a low income earner. Please not, this is not money back, it just reduces […]
New tax rates from July 2007
Sunday, June 17th, 2007Great news for residents on low incomes. From July 1 2007, the 30% threshold will again increase. What does this mean?
For the tax year July 1 2006 to June 30 2007, the rates were as follows.
$0 to $6000 tax rate = nil
$6001 to $25,000 tax rate = .15c (15%)
$25,001 to $75,000 tax rate = .30 […]
Virtual tax?
Tuesday, February 13th, 2007 ”Virtual world: tax man cometh”
I liked the heading and thought I should add this article. When does a game or a hobby become a business?
http://www.theage.com.au/news/biztech/virtual-world-tax-man-cometh/2006/10/30/1162056925483.html
Tax and Christmas—two subjects we don’t generally think about together
Wednesday, December 20th, 2006Christmas is not a time we want to think about tax, so I won’t be posting anything more until mid-late January, 2007.
All the best for the festive season. Enjoy the holiday.
Tax courses
Tuesday, December 12th, 2006Both H&R Block and ITP run tax courses.
These courses are aimed at:
Anyone who wants to learn about tax
People who want to work as tax preparers
Accountants who need to learn more about taxation.
If you want to learn how to manage your own tax affairs these are good courses to do, but beware. They are not for […]
Should you use a real estate agent for an investment property?
Thursday, November 16th, 2006Each person to their own, but if someone asked me the question, “Should you use a real estate agent for your investment property,” my answer would be, “Oh yes. Defintely yes. I have three investment properties and I wouldn’t do it any other way.”
“But what about the costs?” you ask. “The agent takes fees, which […]