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Calling All Crew - Booking Answering Service, Freelance Crew for Television

August - September Tip



Here is a monthly tax tip from our accountants,  Winn Croucher Partners Pty Ltd, who specialise in freelancer and media accountancy and taxation services:

 

New income calculations
 
* For 2010 tax returns and onwards, the Australian Taxation Office
will calculate tax offsets based on your adjusted income instead of your
taxable income.  
* Adjusted income includes reportable fringe benefits, reportable
super contributions and investment losses.  
* Affected tax offsets include the dependent tax offset, medicare
levy surcharge and superannuation co-contribution.
* The likeliest impact will be an increase in your tax expense.




 


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