How the Taxman can help your cashflow
Why wait until the end of the year to receive a lump sum tax return
when you could be receiving it with each pay cheque.
With
the end of the financial year fast approaching, now is the time to
organise your paperwork to ensure you submit your Income Tax
Withholding Variation (ITWV) application to the ATO before the
beginning of July, as your 2008/2009 ITWV will no longer apply.
Applications for the 2009/2010 financial year can be lodged from 15th
May 2009. If you would like apsgrowth to complete an application on
your behalf (small fee is applicable), please click on the following
link to download our ITWV Checklist. Once complete forward to either
admin@apsgrowth.com or PO Box 582, Brookvale NSW 2100.
Download our Income Tax Withholding Variation (ITWV) Checklist Here
The Income Tax Withholding Variation can be used by investors to gain
the benefit of your annual tax refund cheque during the year, averaged
over each pay period (whether it be weekly, fortnightly or monthly).
Having these extra funds throughout the year assists with the cashflow
of the property by minimising your 'out of pocket' expense, instead of
waiting for the lump sum payment upon submitting your annual tax return.
Click here to read media article on How the taxman can help your cash flow
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