REFINED WEALTH
accounting | finance broking | insurance
Refined Wealth is a registered Tax Agent, which offers a service to help meet your Tax obligations in Australia, all with the benefit and competence and offered by a professional adviser.
In Australia, an employee is a person who receives a salary or wage for work performed under a contract wholly, or principally, for labour provided. If you derive a salary or wage under the PAYG withholding tax system, your employer is required to withhold tax from your gross pay. And your employer has a statutory obligation to make employer superannuation guarantee contributions on your behalf to your nominated complying superannuation fund.
You can deduct from your assessable income certain work-related expenses that have a direct and relevant connection with deriving your assessable income, such as subscriptions to a trade union, protective clothing and tools, or trade and car expenses.
A list of work-related expenses. This includes your motor vehicle log
Receipts of charitable donations
Interest and fees on investment loans
Donations to charities.
School building levies and library funds
Fee charged for previous year’s tax return
Income protection insurance
Sickness and accident insurance
Private health insurance
Time-frame – Australian Tax Return 2016-2017 must be lodged from 01.07.2017 to 31.10.2017
Extension to lodge is available until 15.05.2018 if you register with a Tax Agent before the dateline