Taxcuts.com.au
About
The Taxcuts Personal
Finance Software will display
the possible changes in Tax liabilities and Family Assistance
payments as well as changes in Hecs/Help repayments based on
using strategies associated with superannuation, salary
sacrificing, negative gearing, property investing and
share/managed funds investments.
With the help of the software you can
instantly simulate the effect that any extra income could have
on your Family Assistance entitlements, Hecs/Help debt and tax
liabilities. (eg: Dividends, Franking credits, overtime payments
etc)
It will assist you in determining how by using some strategies
available you can reduce the amount of Family Assistance you may
have to repay.
The software will display the amount of government
superannuation co-contribution you could be entitled to and the
amount that you would need to contribute to a complying super
fund to receive the displayed co-contribution amount.
It will display the net amount paid to super less any applicable
contributions tax payable and with the option of inputting your
employers 9% contributions.
It will also display the amount of Child Support payable.
It will not prepare a tax return for you.
It will not formulate a Budget for you.
It will not track GST for you.
Using some of the strategies available it may be possible to
receive a healthcare card.
It will help to give a clear understanding of your options too
maximise your returns, while lowering your expenses and leaving
more money in your pocket.
Disclaimer.
The software is designed as a simple tool
to assist in understanding how different decisions could affect
liabilities and entitlements. It is not and should not be used
as a substitute for suitable professional advice.