Tax Saving Tips For Expatriate Working In Australia

by

smithcalvin

If you not a resident of Australia and planning to seek an employment here then it is strongly recommended to seek for an expert advice on your Australian taxation obligation . Expatriates working here mostly prone to income tax on their Australian sourced income. Except from your wages and

Salaries it also targets on your dividends that have source within Australia.

Being a resident of Australia you need to pay Individual Tax Services which depends on your circumstances and needs to reviewed case by case basis. If you need to pay Australian income tax it is important to keep in mind that Australian tax finishes by June 30 and you need to lodge an income tax return by 31 October. If you hire a tax agent or account then they are eligible to log your extensions.

If you are expatriates then you need to understand number of consideration when you are negotiating your employment contract as this will help you legally to minimizing your tax. If you are expat and do not have knowledge that how you will minimize you tax then don t worry and continue reading with it as following I am going to these points in detail and I am sure that it will be very helpful for you as I have years of experience in providing Expatriate Tax Services.

Living away from home allowance (LAFHA) and motor vehicles allowance are the two significant tax saving allowance that can comes under \”salary packaged\”. Living away from home allowance is specially made for expatriates to compensate them additional costs of moving resident and it provides them tax break for food and rent same as LAFHA motor vehicles allowance will also be helpful in tax saving for them.

Many Expat are not aware that expenses on deriving your income can also be claimed, like you can claim you depreciation on your internet, professional subscriptions and note book and it will reduce your taxable income. It is important point and mostly people are not aware of this.

You can also reduce your tax by number of tax rebates and it will save your thousands of dollars that you never expect but for that you need to consult a tax expert to assist you well and if you are looking for best and affordable Individual Tax Service provider then you can visit to usautax.com

Superannuation system is compulsory in Australia it is a system whereby your employer is required to contribute a percentage of your income into an Australian registered superannuation fund.

If you find that your employer making these contribution then you can claim it back when you are leaving Australia permanently.

Hoping that all these points will help you in saving your hard earn money.

Thomas M Carden EA JSM Thomas is a director at United States Australia Tax Service. USAUTAX.COM He enrolled to practice before the Internal Revenue Service. He has over 17 years of Tax and Financial Industry experience. If you are looking for Internal Revenue Service or any question for Expatriate Tax Services or you are looking for Individual Tax Services then Article Source: ArticleRich.com

Submitted by: Michael Hunter

If you are having money problems, driving without car insurance can seem like a good idea to save a little money. However, this is an extremely bad idea because you are only a moment away from an accident. This article is going to tell you why you should never drive without automobile insurance.

The point of car insurance, like all other insurance, is to hope you never have to use it; but, you are prepared and have it in case something was to happen. The worst thing that can happen is getting into an accident and not having insurance, so do not try and save money by cutting car insurance.

If you do not have car insurance and are wondering if you should get it; or, if you are just wondering why you should have car insurance before driving, here are some of the top reasons:

1. If you are involved in an accident and neither you nor the other driver has car insurance, and you require medical care, you will not be covered by any form of personal liability insurance. Personal liability insurance comes with auto insurance packages, and you will lose a lot of money, more so than if you bought auto insurance, trying to pay your medical bills.

2. If you cause an accident and you have no insurance you are leaving the victim in a tight spot. If an accident is your fault than your insurance company is suppose to pay the other drivers company, who in return would pay that driver. However, by not having insurance, you will probably have to pay to fix that persons car with your own money.

3. If your car was either stolen or you got in an accident and had to try and pay the cost of either fixing it or replacing it, you could be looking at no transportation for a long time. If you are trying to save money by not paying for car insurance, you are probably not going to be able to fix or replace a car anytime in the near future. This will hinder your ability to get to work or go places period which will lose you money.

4. You may think that you are not breaking any laws, but you are. If you are driving without car insurance you are driving illegally, which is against the law. Also, if you are caught without car insurance you can loose your license.

5. If you are caught driving without insurance you will be moved to the high risk category for car insurance. This will raise how much your car insurance premium will be when you go to get car insurance, which is a bad thing.

From potentially spending more money than you are saving to breaking the law, there are many reasons for you to get car insurance. There is no good reason for you to drive without automobile insurance and you should never leave the driveway without insurance. Hopefully after reading this article you understand the importance of car insurance and you will be on your way to finding a good auto insurance quote.

About the Author: Michael Hunter helps people locate reliable

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Source:

isnare.com

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