Les Jackson Accounting in Bellerive, Tasmania, Australia | Tax preparation service

Les Jackson Accounting

Locality: Bellerive, Tasmania, Australia

Phone: +61 3 6244 8147

Address: 50 Waverley Street 7018 Bellerive, TAS, Australia

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• Tax preparation service
• Accountant
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20.01.2022 Major Changes to Superannuation!!! . 1. Reminder that you can contribute to your Super Fund through Salary Sacrifice for 30th June 2017 tax year: - Under age 50 = $30,000 including Employer Compulsory Contributions - Over age 50 = $35,000 including Employer Compulsory Contributions... NOTE: For the 2017-18 financial year, you are only allowed to put in $25,000! . 2. You can give funds to your Super Fund. For this year, up until 30 June 2017, you can give $180,000 per year, and up to three years in one lot ($540,000). After 30 June 2017 you are only allowed to give $100,000 per year, or three years in one lot ($300,000). . 3. Drawing down part-pensions whilst still working? YES? The Tax Man will now be taking thousands in extra tax!!! You need to keep an eye on what actually goes through Parliament on this issue. . 4. Any assets in your Super Fund? You need to get them valued as at 30 June 2017 See more

19.01.2022 Anyone out there with family members planning on retiring next year?? Tax Rules are changing... If you start taking a pension from your superfund before end of December 2014, then you may be better off when you approach centrelink for any top up in terms of old age pensions and health care cards. Reminder to pay as much as you can into your super under salary sacrifice.. if you are under age 50 maximum allowed is $25,000.00 per year over age 50 allowed salary sacrifice up to ...$35,000.00. Be aware the employer compulsory super payments are included in the limits. Home Loans/Mortgages. You need to keep an eye on these Banks are offering good interest rates for fixed loans for 3 to 5 yrs. May be worth checking them out!!!

19.01.2022 September Quarter BAS forms are now being issued for lodgement at the end if October. And if you didn't lodge your tax through an accountant last year, this year's tax also due for lodgement at end of October.

19.01.2022 Not long until the new financial year! Start collecting up all those receipts from the bench, the glove box, the bottom of your bag... and everywhere else! And if you are keen to get your tax return lodged ASAP, call my office on 62448147 sooner rather than later

18.01.2022 Reminder!! If you did not lodge your tax return on time in 2013 then you need to lodge your 2014 tax return by end of October 2014. Yep, that has now been and gone, but at least attempt to lodge it as soon as possible to avoid the potential of getting fined. Superannuation Deductible Contributions... If under age 50 you are allowed to claim up to $30,000 a year through Salary Sacrifice if you are on wages. That has to include the Employers 9.5% compulsory contributions. If o...ver 50 then allowed to contribute $35,000.00. There are significant tax savings on this!!!! Note for you to get significant tax savings under salary sacrifice into super your taxable income after taking out the super must still be above $37,000.00 to get the tax benefits. Semi Retirement? I keep repeating this and most people seem not to understand. If you are over the age of 55, then you are allowed to draw down a part pension, from your super fund whilst you are still working. Yes there are significant tax savings if you do this.. Called.. Transition to Retirement... If you do not believe me, ring me and I will explain how it works. If you have any mates, family members over the age of 55 that are not drawing down a pension whilst still working, then they are "fools" and need to be sorted out!!

15.01.2022 BREAKING NEWS: Les Jackson has an online booking system!! Yes, that's right - you can now book your tax appointments online. . Our new booking system makes your life easier by enabling you you to see every appointment time that is available and then choose the one that suits you best! .... Visit https://bookwithles.as.me to make a booking. If you have any questions, we are still at the end of the phone as well - 62448147. Have a great day!! See more

14.01.2022 RE: TAX CHANGES FOR 2017-18 AND ONWARDS As follows, I thought it best to summarise some of the more important changes for the 2017 tax year and beyond. Plus over the last six months there have been significant changes to superannuation rules and I have put together a summary of these changes that you need to be aware of: 1. The Spouse/Partner Tax Offset a Special Tax Offset that is an amount that comes off your tax payable. From 1st July 2017, if your partner’s taxable inco...Continue reading

14.01.2022 Are you 57 years or older? Then you need to read on so you can make the most of your Super: The rules for Super Funds from 1 July 2017 onwards are still not clear but I just wanted to raise a few of the basics to keep you up to date and across some key issues. Firstly in relation to the tax that will come in as from 1st July: This is tax that the super fund has to pay on its earnings. Note that there are no new taxes for the members.... Up until 30 June 2017: If you are drawing down a pension Transition to Retirement (TTR) OR fully retired - then the Super Fund does not pay tax on its earnings (like interest, dividends, rent, etc). For example, the average fund with $400,000 may earn $30,000 in a year from dividends, interest etc. The normal amount rate of tax to pay would be 15% of the $30,000 so that is $4,500.00 in tax to be paid by Super Fund. However - if you are using those funds to pay out a pension... NO TAX TO PAY. After 1 July 2017: If you are not fully retired (TTR), then the Super Fund WILL PAY TAX on its earnings (for example 15% in FYE 2017). However, if you are fully retired, then the Super Fund has NO TAX TO PAY. Therefore if you draw down pension (whether retired or partly retired) you will get the pension payment TAX FREE from the Super Fund because you are over 60! Yes you should pay in the maximum allowed for 2017-18, which is $25,000 per member. This should be paid in as deductible contributions. Salary sacrifice of any wages and add the employer’s compulsory 9.5% of wages will both contribute towards you reaching the maximum of $25,000. You can also pay direct into your Super Fund out of your savings, and we can claim that as a deduction. This also contributes to the same limit $25,000 in total for each member for the financial year. The Basic Problem...when can you claim to be fully retired? Some basic rules were in place previously, but I guess now it is critical!! If you are fully retired for a single day, then of course your super fund does not want to pay tax on its earnings!! However I am guessing the rules will also be structured to say perhaps a pro-rata taxable part as based on the number of days in a year that you are classed as fully retired? Then it could be an issue if your super fund earned all its money for the year whilst you were retired... for example you were fully retired for that particular week and used your free time to sell heaps of shares and made thousands!! None of this has been sorted out yet so watch this space. I will be keeping a close eye on the rules as they are finalised and will keep you in the loop!! Cheers - Les

12.01.2022 Les might have to dust off the skis and hit the Tasman Bridge again!

12.01.2022 Start collecting up your receipts... Tax time is nearly here!

08.01.2022 Go Les!! He's been doing tax returns for almost as many years (but still quite good at tax!)

07.01.2022 Practically famous...

06.01.2022 Salary Sacrifice into Super is important, just make sure you are paying as much into your Super out of your pay, under "Salary Sacrifice". Limit if under 50 yrs of age is $30k and if over 50 then $35k for the year ended 30 June 2015. Give me a call if you do not understand.. But you will save money big time if you are earning over $40,000 pa. Tax Returns must be lodged now if you are using my services.. Have to get them all finished over the next 6 weeks!!!

03.01.2022 If you (or someone you know) is new to business or thinking of starting a business, then it's important to get your record keeping right. Here is a link to a presentation in Bellerive by ATO staff that could be useful:

02.01.2022 Be aware - Fake myGov Tax Refund Email:

02.01.2022 Tax Time is Approaching!!! Make the most of contributing to your Super Fund: salary sacrifice up to $25k into super (incl employer contributions) and you will save 17% tax if you are earning over $40k. (Only salary sacrifice into your super until your total gross pay drops to $40k)

02.01.2022 Deductions... I love deductions!