It’s that time of year again where everybody is forced to think about their finances and all of the jobs and financial investments that they’ve made throughout the year – I’m of course talking about tax time.
Every year tax laws change, and it’s very important that you make yourself aware of them, because if not you could be missing out on potential earnings or you might find yourself in strife down the track.
For example this year, tax-payers will have to think about the new Flood Levy and there have been changes made to the dependant spouse rebate, youth allowance rules and the tax paid on children’s bank accounts.
These are just a couple of the things that you may need to be made aware of though.
If you find tax time all a bit too confusing, then there is free assistance available in Bacchus Marsh for those who earned $50,000 or less last financial year.
Bacchus Marsh’s free tax assistance is thanks to the ATO’s Tax Help program and to receive help you simply need to visit the Bacchus Marsh office of Ballarat federal Labor MP Catherine King from 9.15am to 4pm on a Tuesday or Thursday, where volunteer Stuart Ascough will be able to help you. To make a booking call 5338 8123.