In Australia, we’re privileged to live in a safe, prosperous society — one supported by a tax system that works because most individuals and businesses pay their fair share, voluntarily and lawfully. At TaxFitness, we believe that minimising tax within the boundaries of the law is not only legal — it’s encouraged. Complying with the law to reduce…
Are you helping your clients use them wisely? According to the Commonwealth Treasury’s Tax Expenditures Statement (2016), these are Australia’s most costly but legal tax breaks: Main residence CGT exemption: $61.5B Concessional tax on super earnings: $16.9B Concessional tax on super contributions: $16.9B CGT discount for individuals/trusts: $9.6B GST exemption – fresh food: $6.9B GST exemption…
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"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2