Leaving Australia need to lodge 2011 tax return?

​This link ATO website will provide information on what you will need to do to lodge your early tax return http://ato.gov.au/individuals/content.asp?doc=/content/14747.htmThis form must be completed and attached with your tax return.  If you require TaxMax Accountants to complete your early return please complete and fax this form http://ato.gov.au/content/downloads/NAT3407-04.pdf To claim your super please apply online...Read more

What are capital works deductions?

 What are capital works deductions? Capital works deductions are the following expenses you pay for which you can claim an income tax deduction: building construction costs the cost of altering a building the cost of capital improvements to the surrounding property. You can only claim a deduction for the capital works on residential rental properties you built after 17 July 1985. What can you claim? If you o...Read more

Changes to Tax Return 2010

Changes to income test created new requirement that have been added to the 2010 tax return.New items in spouses sectionThe new changes to income test may affected eligibility for some the tax offsets, deductions and tax concessionsSuper co-contribution taxable income less than $61,920 and it moved to A3 in paper tax return, labels have changesReportable Fringe Benefits moved to a new income test sectionDeduction items D7 has been split into two s...Read more