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CFL Financial location Level 9, 360 Queen Street Brisbane, QLD 4000
fax CFL Financial 07 3328 8999
phone CFL Financial 07 3328 8988
Email CFL Financial mail@cflfinancial.com.au

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Retire in style checklist™

There are a few reasons why Business Owners need a Retire In Style Checklist

If you’re a successful and Motivated business owner, and want to set yourself up for retirement, this guide would be perfect for you. My clients who follow these 3 simple steps live with comfort, security and the peace of mind that financial success brings.

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The Retirement Prosperity Guide™

Make sure you don’t miss out on the Retirement Prosperity Guide

If you’re a busy Professional and you feel like you’re not building your wealth fast enough and you want smarter ways to utilise your cash flow, this guide is perfect for you. Clients who have used our strategies have the peace-of-mind knowing they have a ‘game plan’ for financial abundance.

Last-minute tax tips for individuals

Posted on Jun 22, 2015 by CFL Financial

With just over a week until June 30, here are some tips that can help savvy individuals make the most out of their tax refund for the 2014-15 year. The following tips are by no means exhaustive and may not be relevant to every personal situation.

The most important thing every individual taxpayer needs to know when it comes to claiming their tax is what expenses they can claim.  For most individuals, finding and organising receipts at tax time can be challenging and time-consuming. But, some of this stress can be avoided if they are mindful that they can claim up to $300 of work-related expenses without receipts. Even though there is no written evidence, taxpayers must be able to show how they worked out their claims.

People who are required to wear a uniform for work may be able to claim  clothes or laundry expenses.

Individuals who are earning less next year due to maternity leave or working part-time may be better off bringing forward any tax-deductible payments into this financial year. Rental property investors may also find it beneficial bringing forward any property maintenance costs, as they can be claimed in full or in part.

Self-employed individuals who are younger than 50 and haven’t exceeded the before-tax contribution cap of $30,000, or $35,000 if they are aged 50 or older, can make a personal deductible contribution.

Investors who are selling a property should consider deferring the sale until after 30 June 2015 to delay incurring CGT for another financial year. Although it will need to be paid eventually, freeing up short-term cash flow may be handy.

Individuals who use their car for a work purpose beyond travelling to and from their workplace can deduct the cost if they have a log book.

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Retirement-in style

Retire in style checklist™

There are a few reasons why Business Owners need a Retire In Style Checklist

If you’re a successful and Motivated business owner, and want to set yourself up for retirement, this guide would be perfect for you. My clients who follow these 3 simple steps live with comfort, security and the peace of mind that financial success brings.

Retirement-prosperity-thumbnail

The Retirement Prosperity Guide™

Make sure you don’t miss out on the Retirement Prosperity Guide

If you’re a busy Professional and you feel like you’re not building your wealth fast enough and you want smarter ways to utilise your cash flow, this guide is perfect for you. Clients who have used our strategies have the peace-of-mind knowing they have a ‘game plan’ for financial abundance.

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Email:
Phone: 07 3328 8988
Fax: 07 3328 8999

Office Location:
Level 15, 10 Market Street,
Brisbane,
QLD 4000

Postal Address:
GPO Box 2468,
Brisbane,
QLD, 4001

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