Category: income tax
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$700 tax break for low earners might elevate returns
We’re now lower than two weeks from the tip of economic yr (EOFY), and whereas tax workplace adjustments will imply returns are more likely to be smaller in 2023-24, there are nonetheless sweeteners. The low- and middle-income tax offset (LMITO), which was accountable for massive returns in the course of the COVID-19 years, has expired.…
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Michael Pascoe: Learn how to ethically minimise revenue tax
June – the winter solstice, the naked London airplane timber in our avenue briefly not dropping stuff of 1 kind or one other, the (optimistic) begin of the ski season – and the barrage of EOFY (finish of monetary yr) ads encouraging folks to purchase a brand new laptop/ute/desk/forklift earlier than June 30 to assert…