On the 3rd of November 2022, the Australian Tax Office announced some changes to the working-from-home expense methods for the 2022-23 financial year. These changes are aimed at providing more certainty to employees who are currently working remotely, as well as making it easier for employers to claim eligible expenses. The initial draft of the […]
What is the amount I will receive under LISTO? The maximum offset an individual can receive is $500. The amount you get is calculated based on your taxable income and contributions made to your super fund. On the other hand, the minimum amount is $10. In the event that the amount due is less than[…..]
How Much Tax Offset Will I Get? The amount of tax offset that you will get is dependent on your taxable income. Any Australian resident with an income of up to $126,000 is eligible for the LMITO. As we’ve mentioned, the amount of the tax cut varies, depending on your taxable income. Here are the[…..]