PAYG instalments (Pay as You Go)

PAYG Instalments is a system where regular payments are made to the ATO to cover your annual tax liability. To be added to the installment system your income from your business and/or income from your investments must be greater than $4000 and the amount due on your most recent NoticeRead More →

Telstra Shares Cost Base for Capital Gains

Telstra 1 Shares Are you selling your Telstra 1 Shares that you bought in 1997? The original instalment was $1.95 on the 3/11/1997. The second instalment of $1.35 was on the 13/11/1998. The total purchase price being $3.30 bought on the 3/11/1997. Telstra 2 Shares Are you selling your TelstraRead More →

Superannuation Co-contribution

Superannuation Co-contribution One of the most suggested Government’s incentives I make to my clients is the Superannuation co-contribution. If you are earning less than $36,021 (at least 10% from employment income) and pay up to $1,000 into your superannuation as a voluntary contribution the government will pay 50 cents forRead More →