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​Every people want to avoid the tax, but it is not an easy thing to do it. The least thing to do is to decrease the tax bill with the help of available allowances and reliefs. There is a difference between tax avoidance and tax planning. Tax planning said to be a legal process in which people can decrease the tax liability with the help of available tax reliefs. Tax avoidance means an illegal reduction on tax bill by modifying the figures and not disclosing the income. This will lead to severe penalties and cheated person will be criminally prosecuted. The tax planning concept is simple, but should not be fooled. Tax planning is better and complex left to the experienced and experts. If people receive more than some amount they must pay the tax under the government rule. Some special rules are  applied for civil partners and married couples in terms of taxes in which they save tax.

In Australia, this year before you hurry to the shops on a spending spree or make a spur of the moment purchase. And also, you could consider a less smarter ways to take this year’s tax refund and bring it to work for you. According to ASIC, a person who retires at 65 with a modest lifestyle, they  will need $300,000 in today’s money to retire. Those who want a ‘comfortable’ lifestyle  will need at least $544,000 to retire. These are the super contribution top-up by that  government. And also, a better deduction on next year’s return for buy work related equipment items and that cost should be over $300. The number of Australian are interested in investing, but they didn’t know how to start or can’t commit huge amounts of money for buying shares. So, try a micro-investment is an interesting option.  Then, save your tax refund in  a term deposit for your children. Using your tax refund to lower your credit card debt or pay it off. And then, put your tax refund into a mortgage offset account.

​1. Think before opting for an EPF
When an employee provident fund has to pay about 60% tax on the portion of the amount and free tax will be rest of 40%. EPF is compulsory in which similar to a new pension scheme.
2. Your builder has delayed and don’t worry for tax exemption
In most of the home buyer make payments to the builder, but not to get possession within a three year period. They entitled to get tax deduction only Rs.30,000 and the finance minister has raised to limit up to 5 years. The government has realized more than 80% housing projects are delayed and the buyer cannot able to avail the tax exemption on a home loan interest.
3. The new buyer gets extra tax benefit
You borrow Rs. 35 lakh to residential property value is below Rs. 50 lakh and to get extra tax exemption on a loan interest portion. The loan will be sanctioned and the additional benefit can exist the exemption of 2 lakh in a year.

1. To reduce income tax
The actual paying is taxable. For example, earn $75,000 pa and paying a tax around $17,000pa. Today, the tax rate has continued to work for 30 days equal to $510,000 and does not increase any wages. The course of appropriate strategy in individual circumstances can reduce the income tax includes salary, package, tax deduction by keeping good records and get the right structure before purchase assets and investment in vehicles, use of debt and income protection insurance.
2. Transition to retirement
The older worker is reducing their working hours and ease into retirement. The benefit of  this strategy is greater than the age of 55. The strategy is broken into two parts. First, pension from superannuation can reduced by employment income. Second, superannuation fund is a top salary sacrifice to compensate for pension payments.
3. Reduce the capital gains tax (CGT)
CGT applies for profit as a sell an asset. The asset held in less than 12 months will 100% profit of paying tax. The asset held in more than 12 months gives a discount and pay tax only 50% of the profit.

​1. Maximize tax deductions:
According to the ATO, taxpayers are labeled to claim deductions for some expenses directly related to gain an income. The Australian taxation Office has a long list of deductions, income protection insurance, travel costs, including dry cleaning costs, and self education expenses, with fact sheets for specific occupations. 
2. Prepay expenses, delay income:
If you own an investment property, you could acknowledge getting  minor repairs and maintenance work finished before the financial year end. Similarly, where possible try and hold off income until after June 30, to avoid the paying tax on it this year.
3. Claim tax offsets:
Tax offsets directly decrease the amount of tax payable on your taxable income. If you work in remote areas of Australia for at least half of the year or federal police or Australian defence force you can benefit from a specific offset.
4. Salary sacrifice:
Salary sacrifice is a popular method of reducing taxes, specifically, for medium to high income earners. You will need the ask your employer to divert a portion of your before tax pay as a contribution to superannuation.

23-30
Generally, the professional start the right time of the carrier phase  in the future. The investment should have a long term is to start the save and investing for retirement. You can start as early in the power of compounding.
31-36
Take the advantage  of tax savings other than investments. The contribution is to provident fund by self and employer, which required to cover a life insurance for self and family form in the major portion of 80C.
36-45
The non – investment tax savings will play a major role in tax planning. The repayment of an existing home loan, self contribution and employer to PF, life insurance, Children tuition fees, more than account of 1 lakh under the section of 80C. The interest repayment of home loan under section 24B and health insurance premium for the section 80D.
46-60
The peak earning phase of the professional could try to pay an existing debt and channelize income towards saving for retirement.
60+
After the retirement, the capital protection should be the motto of the investments in the debt. Retired employees were looking for a timely pay out can consider in senior citizen schemes.

​• The maximum limit will allow under the section 80C of Rs. 1.50 lakh across the investment ranging from PPF, provident fund, fixed deposits, infrastructure bonds, NSC, insurance / pension plans, equity linked savings scheme etc. The tuition fees also include the repayment of principal on housing plan.
• The interest component of the home loan has been a separate limit of Rs. 2 lakh.
• Medical premium is the maximum up to Rs. 15,000 in which qualify for the deduction with additional Rs. 15,000 for parents. The additional deduction of Rs. 20,000 could be availed in case of senior citizen. To claim a separate deduction for medical refunds of your parents.
• A person has spent in the maintenance should be dependant persons with disability and avail the deductions act under section 80DD.
• The education loan with an individual paying interest can obtain the interest payment certificate under section 80E.
• Suffer from not less than 40% of disability is eligible for the deduction can extend to Rs. 50,000 and in case of severe disability of Rs. 1,00,000 under the section of 80U.

LAFHA can take various forms:
• An allowance the payment to you by your employer.
• Direct provision of a benefit from your employer.
• Compensation of expenses which you incur by your employer.
LAFHA’s intended to compensate you for expenses acquired whilst you are working away on Secondment. Living away from home allowance are payable in situations where you have carried on to live in your home, but the requirement to change apartment in order to work temporarily in another area at your employers bequest. A LAFHA paid to your income tax free and should not be included as measurable income on your tax return. LAFHA are often confused with travel allowances. The travel allowances are paid to employees who are travelling on business, but not living away from the house. Mainly, an employee travelling for business for less than 21 Days will receive the travel allowance, not a LAFHA. You can receive a LAFHA who also live away with you, including your wife and your children.
Keeping records of Expenses:
You must keep records of your expenses and will need to give your employe either:
• A declaration setting out information about the expense.
• Documentary evidence of the expense such as credit card, receipts.

When completing a tax return can have a choice between the standard tax deduction method in the determination of the taxable income. The standard dollar amount was set by the government to claim without accounting expenses that make a taxpayer in allowable deductions. You like less pay tax or large refund can get used this method. This method requires can support in the form of receipts and other documents to demonstrate the amount were actually spent. They qualified an individual retirement arrangement for tax savings in the current year, investment can earn from year to year will grow tax free and provide a retirement income. Some of the other tax savings are given below:
• 529 college saving plans: These plans are funded by tax dollars, qualify withdrawal are tax free can choose a prepaid education saving plan or tuition plans.
• Health coverage savings plan: These include saving account, medical saving account and flexible spending arrangement.  The combination of both contribution and withdrawals are qualified by free tax.
• Dependent care savings accounts: Flexible spending arrangement is similar to an FSA, but focus on help paying for the child’s expenses.

​• Take a full advantage of a company match
The employer offers a matching contribution with addition to receiving company match. Totally, the added potential benefits of tax deferred growth and compounding return.
• Contribute the maximum to workplace savings plan
You will need to retire cannot enough to generate a savings in which hundreds of thousands of dollars or even basic expenses.
• Pay down high-interest debt
You are paying more than 10% can consider extra savings to pay down the balance. The multiple accounts should be working with high interest rate and continue to minimum payments on debts. When the debt is paid off is putting an extra money towards pay off with the next highest interest rate.
• Remember other savings goals
The savings your other goals like college and graduate school for yourself. The best save for a college goal in which tax advantage account was designed to pay a qualified higher education expenses. To make easy on savings goal using direct deposit from paycheck to choose savings like vehicles, workplace plan, HAS, IRA or taxable accounts.

​Individual investment usually starts with tax planning and once can utilize the tax saving investments to achieve financial goals. For example, children’s plan will also give tax benefit and if a person’s income increases, it is very wise to invest the amount in saving investment of tax in order to achieve goals. A person has to check the payment available in the company to utilize the maximum advantage. Normal expenses will also help to save tax, for example, meal vouchers, reimbursements and company car. Salaried employees who are staying in an apartment on the rental basis can able to claim exemption under the act of  HRA house rent allowance. Some of the reimbursements and exemptions are house rent allowance should be minimum of actual HRA, rent paid should be basic of 10% and basic metros of 50% & basic non metros of 40%.

​The deduction up to Rs.1 lakh under the section of 80C, 80CCC and 80CCD. The 305 tax brackets can save by investing in the approved tax saving instruments.
Employee Provident Fund (EPF): The 12% of basic salary pay, dearness allowance and retention allowance towards EPF.
Public Provident Fund (PPF): They can invest and claim an income tax deduction will contribute to the Hindu undivided family. Also, invest the name of spouse and children is available for contribution up to Rs. 1 lakh, which offer 8.7% annual interest.
Senior Citizen savings Scheme (SCSS): Above 60 years can invest in SCSS. The five year maturity period can extend by another three years. Only the deposit amount can multiply Rs. 1000, but not more than Rs. 15 lakh will offer 9.2% annual interest.
National Savings Certificate (NSC): They can invest in 5 or 10 years in which the NSC can offer 8.5% per annum, while 10 years are paying for 8.8%. The interest is taxed and no restriction amount can be invested through tax deduction.
Bank, post-office deposits: Investment in five years can be eligible for tax deduction and earned tax is taxable

​You have worked hard can save for the future . To find the financial future in which understand your life will go beyond a spreadsheet. The approach of an Ameriprise advisor can be used for confident retirement to work with the help of realizing your personal and financial goals. To help with live brilliantly for both today and tomorrow. The important to find the approximately 10,000 advisors and choose to ideal for you. To start with a few candidates, check the backgrounds, credential and experience. To talk on the phone or meet with a person. They will search for an advisor in your area and focus to advisors that can help for unique needs and interest. You find one that feels good and contact to schedule for the first meeting. To ask the advisors a few questions before decides:
• Do you work with people like me?
• What are the services do you provide?
• How much to charge for your services?
• What makes a unique practice?
• If it’s important to you, ask about any interest, hobbies and association.
• How do connect with your clients.

​The individual retirement is significantly to reach pay a tax amount with minimizing or eliminate the tax once stop working. To manage the tax positions in retirement specifically respect to superannuation. You can use  to reduce tax in retirement in below strategies.
1. Commence an account based pension
A pension from super fund is applied to 15% tax can be removed by fund earning. Additionally, you are aged above 60 is considered as pension income is free in the regardless amount of income.
2. Using self managed super fund (SMSF)
The SMSF provides a great flexibility available to manage tax retirement. Before the 15% tax earning is removed by superannuation and avoid the tax planning flexibility afforded by SMSF.
3. Advantage of tax rebates and offsets
The retired age 60, pension income is not an avenue for receiving a tax free income in retirement. Above 65 will apply to SATO and enjoy free high tax threshold. Some assets will abbe to receive an income of the outside superannuation from the free tax during retirement.
• Selling assets and transfer of proceeds super
• Time sale of assets to reduce CGT
• Make deductible contribution to super
• Recontribution strategies to reduce tax

​1. Take a multiyear approach
Tax planning is looking after three or five years, you can see trends of upcoming will be an increase or decrease an income. The different taxes at different levels that keep by phone and refer when talking to clients.
2. Take a multiyear approach
The income is high in this year and expect to increase in upcoming years, because career on  a roll will better accelerate the deductions can offset some higher earnings through charitable contributions, selling securities or prepayment of income tax at a loss.
3. Prove you’ve met the mandate
You need to prove a covered by a health insurance plan that meet standard Afforadable Care Act or pay a penalty and submit a tax return without penalty, the crux plan called individual mandate.
4. Fewer estate taxes, but watch the state tax
Now fewer people may pay higher estate-tax exemption and many professional are rethinking the traditional advice. The thumb rule is used to giving away in your lifetime, but the real advantage is to keep things in estate.

​The ATO receives the data of income electronically and it can get from third parties like banks. The Australian government finds the information regarding funds if it moves in and out of the country Australia with the help of AUSTRAC system and then this system will provide every detail regarding funds to the ATO. Information from ATO can be used to compare the data which is present in tax returns and if this information won’t match then the ATO will audit the respective person. If any person not declaring their foreign income will get penalties which is described by the ATO. Income in other country currency must be changed in  Australian dollars in order to disclosure of tax return. If a person paid overseas on the foreign income, then they have to claim a often in tax offset for foreign tax rather than Australian tax and this protect from double taxation paid by any individual person.

​• Get Free Money:
If you earn under $46,920 per year, and make a non-concessional and contribution into your superannuation, then the  government give up to 50 cents in the dollar.

• Spouse Contributions:
If your wife or husband earned under $ 13,800 per year, then you eligible to claim up to $ 540

• Analysis your Salary Sacrifices:
Be alive that salary sacrificing into your superannuation fund affects your concessional contribution cap. From 9 to 9.25% on 1th July, you can increase in Superannuation Guarantee.

• Analysis your Insurance:
They mentioned earlier, the end of the year is an perfect time to look not only at tax commitments,  but also including comprehensive long-term financial plan, including insurance plan.

• Time it right: 
To have deduced contribution counted for this year, on 30th June they must be received by the trustee.

• Self-employed contributions:
By contacting your financial adviser to see if you are eligible to claim a 100% tax deduction  for any superannuation contributions.

• Splitting Your super contribution with your wife/Husband:
For splitting your contribution, a request needs to be submitted to the member’s fund.

​Registered BAS agents and tax agents plays a vital role in the superannuation lodgment and for meeting tax of taxpayers. To manage these things, the government provides with lodgment program which accommodates revolutionary lodgment document over a twelve month period.  The framework finds the agents who lodge electronically, who has good practice management and  consistently on time. To meet the requirement, government recommending certain things is as follows:
• As soon as possible person have to contact the government to discuss the circumstances, if the person finding tedious in getting lodgment due dates.
• A Person has to keep the client list as perfect because all clients’ registered agent number must be with the person which are involved in the lodgment calculation.
• Person have to inform, if their client does not have certain things to lodge a return for any year and these performance calculation client are calculated with the expected lodgment.

​Applicant have to ensure the structure of the application, it must be related to the job description which was given the ATO and the particular skills, abilities and knowledge they are looking for. If applicant wants to know about any details they can make use of the  candidate information kit in which all information is available which is required by the applicant. While writing applicant experience and skills have to meet the ATO job requirements. To confirm the claims, the applicant has to provide examples of compatible things, whatever they have done it may be at work or privately or while study. The applicant  has to keep in mind during writing whatever they are writing it should make the selection committee to shortlist them for furthermore process. It is significant that to mention about experience and skills, but it should contain relevant information on the role.

​Individual investment usually starts with tax planning and once can utilize the tax saving investments to achieve financial goals. For example, children’s plan will also give tax benefit and if a person’s income increases, it is very wise to invest the amount in saving investment of tax in order to achieve goals. A person has to check the payment available in the company to utilize the maximum advantage. Normal expenses will also help to save tax, for example, meal vouchers, reimbursements and company car. Salaried employees who are staying in an apartment on the rental basis can able to claim exemption under the act of  HRA house rent allowance. Some of the reimbursements and exemptions are house rent allowance should be minimum of actual HRA, rent paid should be basic of 10% and basic metros of 50% & basic non metros of 40%.

​Mobile phone scams will be differ from level of sophistication and in appearance, but they will tell that a person are fits for refund and give instruction to use the link to provide the form. Generally they will create fake ATO websites and will ask for personal information such as credit card details, bank details including phone number.  Scams are coming through mobile phone is not that much easy to recognize so that person should aware of unsolicited messages or texts from such kind of scams. The ATO may send any text or message occasionally, but they will never ask for a person bank details or credit card details. If a  person having doubt while they receiving any phone calls like that, they must contact ATO without your information to be theft. Anyone have to provide their information after consulting  with the Australian Taxation Office why because they will ask information rarely.

​Applicant curriculum vitae or resume should give required information regarding employment experience, education, achievements and abilities. Resume have to tell their knowledge, experience and what they can do for the organization.  A good resume must contain the following things:
• Easy and clear to read
• A logical structure and flow
• Start with recent position
• It should contain a maximum of two pages
• The resume should be suitable for the position to which they are applying
• No errors
• No false statements
The Applicant has to include their personal and contact details, employment history, career achievements, any awards if a  person had gotten in previous organization must be highlighted, qualification, professional memberships referees, training, and some additional information have to be  placed on  the resume if it is suitable for the role applicant applying for. 

​In addition to the  super guarantee contribution by your employer, you can increase your super by reaching into the salary sacrifice arrangement by making yourself contributions or you can be eligible for contributions by government. If any person is eligible for super contributions, every month their employer must pay at least 9.5% into the super accounts from their ordinary time earnings such as commissions, bonuses, allowances, over award payment and paid leave. A Person may be suitable for either low income super contribution or super co –contribution or they may contain both, that means government also adds to super and they don’t want to apply for these LISC or co-contribution payments. If a person is  eligible, their fund have their tax file number so that person will get fund automatically. If  you are middle or lower income gainer and make a personal super contribution to super fund of yours.

​ATO collect the superannuation funds information along with personal information regarding the superannuation accounts and these details can be gotten  directly from the respected person or their super fund or employer. There are two different types of forms are available which are used to get details related to super:
•  First one is, a person who can submit this application form directly to the ATO
• Second one is, a person who can submit this application form by third parties, for example,they can give this form either by tax professional or by an employer.
The privacy notices  related to the detail given in the forms which are submitted to the ATO and these forms are also completed by the entity.  A person can get the privacy notices relevant to the application form by the hyperlinks which are particularly made for these types of process