Net Medical Expenses Tax Offset | Phased Out

In the recent Federal Budget, the government has proposed to phase out the Net Medical Tax Offset, to commence 1 July 2013. The Net Medical Tax Offset reduces your Tax Payable. Net Medical Expenses are medical expenses incurred by you and your family, after deducting any refunds (e.g. Private Health Insurance claim payments, Medicare ...

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Earn Tax-Free Income

It's not very often that the ATO allows you to earn income without paying tax, but you can earn tax-free income from hobbies. A common example of this type of tax-free income are fees earned from refereeing social sports (e.g. touch football, netball, etc.). We have a client that earns an average of $200 per week during the season fro...

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McKinnon Financial Planning Pty Ltd ABN 74 155 233 784 Australian Financial Services Licence 417488 | McKinnon Financial Services Pty Ltd ABN 82 056 817 648 Australian Credit Licence 392173 | General Advice Warning: Information contained in the pages of this website is of a general nature only and has not taken into account your particular circumstances. You should consider whether any strategies and or investments mentioned in this website are suitable for you and seek personal advice from a licenced investment adviser before making any investment decision.
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