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The same business test to be replaced by a "similar business" test

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Self-employed? You could claim a deduction for saving for your retirement

September 5, 2018

A recent change to the rules around superannuation means that more Australians may be eligible to claim a tax deduction for putting money into super.

Before June 30, 2017, if more than 10% of your income was sourced from salary or wages from an employer, you were rendered ineligible to claim any tax deduction for after-tax contributions you may have made to your superannuation fund.

But this rule has been removed.... Read more in our September Newsletter

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Accountants, Tax Agents & Business Consultants servicing the Hunter Region

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Self-employed? You could claim a deduction for saving for your retirement

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