ATO - Townshend & Associates

Protect your privacy: ATO warns about scammers

July 12, 2018 | Business Advisory, Financial planning, Individual tax, Scam Alerts, SMSF

It is imperative that you keep your personal information secure, the ATO has released another warning about increased scam activity this year. From the ATO Scammers frequently claim to be from the ATO and according to Ms Anderson, you should be wary of any phone call, text message, email, or letter about a tax refund […]

Income tax rates for Financial Year 2018-2019

July 6, 2018 | Budget, Financial planning, Individual tax

Passed Personal Income Tax Rates from ATO Taxable income Tax on this income 0 – $18,200 Nil $18,201 – $37,000 19c for each $1 over $18,200 $37,001 – $90,000 $3,572 plus 32.5c for each $1 over $37,000 $90,001 – $180,000 $20,797 plus 37c for each $1 over $90,000 $180,001 and over $54,097 plus 45c for […]

Fresh starts, tax, deductions and audits.

June 12, 2018 | Budget, Individual tax

If you think you the end of financial year is all about complying with the taxman you are missing the best time to assess your fiscal health. If you haven’t done this before consider the following: Review: When you are finding all those receipts and completing your logbooks for your tax return, go through each […]

Individual tax and Centrelink

April 12, 2018 | Individual tax

Our clients benefit from the time we take to ensure they understand their tax obligations and the care we take with each personal situation.