by C&N Accountants | Nov 17, 2023 | ATO, Tax Planning, Tax Tips
Tax offset is a common term used during tax season. According to the Australian Taxation Office (ATO), a tax offset can directly reduce the tax payable by an individual on their taxable income in a financial year, provided they are eligible for it. In this blog, we...
by C&N Accountants | Nov 1, 2023 | ATO, Tax & Accounting, Tax Deductions, Tax Planning, Tax Refunds, Tax Tips
Are you wondering about the Lump Sum Payment in Arrears tax offset (LSPIA)? Let’s break it down in a way that’s easy to understand. What is a Lump Sum Payment In Arrears Tax Offset? If you receive a significant lump sum payment tied to a previous...
