How to Legally Pay Less Tax!

"Yay, it's tax time," said no one ever! If the mere thought of filing a tax return sends shivers down your spine or confuses you to no end, you're certainly not alone. In fact, a recent survey by LFC revealed that more than 70% of participants also find taxes perplexing... (relief, right)? We all contribute taxes to keep our country running smoothly, but that doesn't mean we should pay more than necessary! Have you wondered whether it's more profitable to opt for private health insurance or to stick with paying the Medicare levy? Is it beneficial to contribute extra to your superannuation for a tax discount? With the introduction of new changes to the tax threshold, we're here to guide you on how to LEGALLY PAY LESS TAX! By the end of our session, you'll walk away with knowledge on:

✅ The individual income tax rates.

✅ Private Insurance vs. the Medicare levy: figuring out which option puts more money in your pocket.

✅ HECS obligations: Is it better to pay it off as soon as possible?

✅ Strategies to legally minimize your tax obligations and understand the loopholes.

✅ What you must disclose to the ATO and what you can keep to yourself.

✅ What expenses you can and cannot claim.

✅ Key information on tax and investment properties.

✅ How to file a return via MyGov!

Looking forward to demystifying the world of taxes with you!