Spreadsheets for Refunds for Tax Losses

Refunds for Tax Losses

If your company has made a loss, you may be able to claim a tax refund for tax previously paid on profits. In the 2020-21 Federal Budget, the Government announced that businesses with turnover under $5bn* will be able to offset any losses made between 2019-20 and 2021-22 against previously taxed profits between 2018-19 and…

5 Smart things to do with your Tax Refund

If you’re looking at a tax refund this year, then you’ve probably already thought of dozens of ways to spend it. From holidays to a new car, it’s easy to get caught up in a buying frenzy when confronted with a large sum of money received in a nice single payment. Before you burn through it…

Boost your Tax Refund this Financial Year

June 30 is rapidly approaching, which means there are things you should do in the near future to improve your financial situation. Smart tax planning means deferring income while bringing forward expenses. For example, if you have money to spare, think about placing it in a term deposit with the interest maturing after June 30.…
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