EOFY 2022 - Tax time checklist - hints and tips

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The new financial year means it's time to complete your annual tax return again - are you ready?

We’ve compiled a handy (and comprehensive) checklist that helps you identify all the different types of income you may need to declare and expenses you can claim. Tips include:

• Tips for claiming work from home deductions;

• Prepaying interest on investment loans;

• Claiming Income Protection insurance as a deduction; and

• Tax offsets if you have made a super contribution on behalf of a spouse.

Plus there’s some super hints related to tax that may help you maximise your super including:

• Increased concessional super contribution limits;

• Super Co-contributions;

• Super Splitting with your spouse; and

• Personal Deductible Contributions

Download the VivaEthical Tax Time Checklist of hints & tips here.

Next steps

If you have questions relating to your tax and super needs, call us for a quick chat or drop us a line for advice.

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