our latest news

Blog

Tax Offsets

Almost all of the tax offsets available in prior years have been drastically reduced, or abolished. These are as follows: Low-income tax offset The Low income tax offset reduces the tax payable by low income earners. You are not eligible for the LITO if your income is over $66,667. Changes are: The maximum value of…

Read More

Personal Taxation – Income Rebates

Currently any taxpayer earning less than $16,000 pays no tax due to the application of the low income rebate of $1,500. However from 1 July 2012, this threshold increases to $18,200 and for low income earners, the low income tax rebate (which has been reduced from $1,500 to $445) means that a taxpayer earning less…

Read More


Download your FREE Business Tax Return Checklist

You have Successfully Subscribed!

Download your Property Investor - Starter Pack

Enter your email below to receive your FREE property and tax guide now.

By joining the Knox Tax community you will also remain up-to-date with the latest news and tips from our team.

Success! Your Property Investor Starter Pack is on its way

Download your Small Business Start-Up Pack

Enter your email below to receive your FREE business guide now.

By joining the Knox Tax community you will also remain up-to-date with the latest news and tips from our team.

Success! Your Property Small Business Starter Pack is on its way.

Download your Property Investor - Q&A Pack

Enter your email below to receive your FREE Q & A guide now.

By joining the Knox Tax community you will also remain up-to-date with the latest news and tips from our team.

Success! Your Property Investor Q&A Pack is on its way.