(For award Travel or Fares allowance see http://www.mytaxzone.com.au/)
The team at My Tax Zone have discovered many construction workers are missing out on large deductions for “Travel allowance” and “Living Away From Home Allowance” (LAFH).
In many cases, construction and other workers receive a travel allowance and or a LAFH allowance to cover the costs of accomodation, [...]
Should I put my tax refund into the mortgage? This lumpsum mortgage calculator shows the impact of a one-off payment on a loan, in terms of interest saved and the time shaved off the loan.
This is a great calculator.
By David Maynard
CEO My Tax Zone
http://www.mytaxzone.com.au/
David Maynard is committed to assisting others in managing and growing their [...]
(see http://www.mytaxzone.com.au/ for assistance with Australian tax)2007 Tax Return Checklist
Income:
Gross salary, wages, allowances, benefits, earnings, tips and director’s fees
Income from business activities
PAYG payment summary amounts
Any non-cash benefits received
Lump sum and termination payments [All documentation should be provided, including an ETP payment summary from the employer or fund]
Government social security [...]
(see http://www.mytaxzone.com.au/ for online ITWV applications)
ITWV applications should be used when the payee (employee) wants to reduce their pay as you go (PAYG) withholding rate for the year ending 30 June 2008. Using this online service you can provide us with the information necessary to lodge an ITWV application form with the Australian Taxation Office [...]
(see http://www.mytaxzone.com.au/ for online ITWV applications)
ITWV applications should be used when the payee (employee) wants to reduce their pay as you go (PAYG) withholding rate for the year ending 30 June 2008. Using this online service you can provide us with the information necessary to lodge an ITWV application form with the Australian Taxation Office [...]
