PERSONAL AND FAMILY TAX
What Is Income Tax?
The term income tax refers to a type of tax that governments impose on income generated by businesses and individuals within their jurisdiction. By law, taxpayers must file an income tax return annually to determine their tax obligations.
Who should lodge tax return?
Taxpayers who must submit a tax return include:
- Most resident individuals whose total income exceeds the $18,200 tax-free threshold for the income year
- Every individual carrying on a business or profession regardless of income or loss
- Any resident taxpayer earning less than $18,200 who has had tax withheld from that income through their job
Why we need to consider your family as a whole?
Australia request individuals report their income separately while we many big decisions such as buy home, having kids need to consider families as a whole. Planning family tax structure could assist you enhance your saving power and have more confident to face changes of life.
With ASAP Finance Team, you can receive our service include :
- Review your situation in details
- Identify the deductible items
- Explain current policies to let you learn deeper about your circumstance
- Plan the areas that can be improved for the coming year
Personal Tax
We look after you and your family with sophisticate Tax experts and direct you to understand Tax Law system and family benefits.
More InfoCapital Gain Explore
Besides real estate property, Capital gains tax (CGT) applies to investments in shares in a company, units in a managed fund or other unit trust, and similar products.
More InfoFamily Tax and SMSF
SMSF can bring you another picture when you planning your family tax and future.
More Info