End of Financial Year

Clear Vision • August 3, 2015

Tax Questionnaires
We are starting to send out our Year End Questionnaires – and will do throughout the year according to when work has been scheduled.
The questionnaires have gone through a “make-over” and should be fast and user friendly.
The questionnaires can be sent back with your tax work using Hightail. Hightail is a secure online drop box, that allows files to be sent electronically. This is especially handy when the files are too large to email. We will provide a link to Hightail in our email or letter, all you have to do is attach your file – it couldn’t be easier. We are more than happy to help if you need some assistance.

Medical Expenses Tax Offset
The 2014-2015 tax year is the final year the tax offset for medical expenses can be claimed. To be able to claim this taxpayers have had to claim it in both 2012-2013 & 2013-2014 tax years.
For the 2015-2016 tax year taxpayers can claim this if they incur payments for:
1. relates to an aid for a person with a disability; or
2. relates to services rendered by a person as an attendant of a person with a disability; or
3. relates to care provided by an approved provider (within the meaning of the Aged Care Act 1997) of a person who:
(i) is approved as a care recipient under that Act; or
(ii) is a continuing care recipient within the meaning of that Act.
This means for most people there is no need to keep records for out of pocket medical records from 1 July 2015.

Are You Turning 50?
Contribution caps for SMSF’s have not changed this financial year except for those turning 50 in this tax year.
If you are turning 50 in this financial year your concessional cap will increase to $35,000 from 1 July 2015.
Just a quick reminder of the contribution caps:
Concessional – under 49 years $30,000
Concessional – 49 years or over $35,000
Non-concessional – standard $180,000
Non-concessional – bring forward mode $540,000

Office Gossip…
Karen has had a baby girl! Karen & Zane are now proud parents to 2 daughters…should keep them busy for the next 20 years or so!!

Capital Gains Tax Implications of Subdividing Land in Australia

By Caroline Gillies • June 1, 2025
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Autumn Tax Tips: Make the Most of the Final Weeks Before Year-End

By Caroline Gillies • May 25, 2025
As we step into the final week of autumn and feel winter’s chill approaching, it’s a natural time for reflection—and that includes taking stock of your financial and tax situation. The end of the year is closer than it seems, and a bit of preparation now can make a significant difference come tax season. Here are a few things to consider as the leaves fall: 1. Review Your Income and Deductions This is a good moment to check your income year-to-date and consider whether there are any deductions you can still take advantage of. Charitable donations or investment losses might help reduce your taxable income before year-end. 2. Maximise Super Concessional Contributions If you haven’t yet maxed out your superannuation concessional contributions, there’s still time. Remember unused cap amounts carry forward for 5 years and the 2019-20 unused cap amount will expire 30 June 2025. These contributions not only help secure your future but can also offer tax benefits now. 3. Organise Your Records Autumn’s slower pace is perfect for pulling together receipts, invoices, and financial documents. Getting organised now means less stress later when tax season begins in earnest. 4. Consider Tax-Loss Harvesting If you’ve had investments that underperformed, selling them before the end of the year to offset gains can be a strategic move. Consult with us today to see if this makes sense for you. 5. Plan Ahead Winter may bring holidays and downtime, but it's also a good window to consult with a tax professional. A quick meeting before year-end can reveal savings opportunities or help avoid surprises when you file. So, as the days grow shorter and frost begins to settle in, use this time to bring clarity and warmth to your finances.

Have you Thought About Where Your Business Will Be in 5 Years?

By Caroline Gillies • May 11, 2025
At Clear Vision Accountancy Group, we offer tailored services to support your long-term success—from strategic business planning to high-end tax administration. Whether you're aiming for growth, improved profitability, or a clearer direction, we're here to help you build a plan that gets results. If you're ready to map out the next five years with clarity and confidence, contact us today on (07) 4688 2500. Our 1-Page Business Plan will help you with: 1. Vision & Purpose Where are you headed, and why does it matter? What is the core purpose of your business? In five years, what positive impact will you have made on your customers, team, or community? What do you want your business to be recognised for within your industry? 2. Growth & Scale What does success look like, and how will you achieve it? What revenue, profit, or market position are you targeting? How many clients or customers do you want to serve—and in which markets? Are you planning to expand your offerings or enter new territories? 3. Team & Culture Who is helping you build it—and how? What does your ideal team look like in terms of structure, culture, and capabilities? How will you attract, retain, and develop top talent? What kind of leadership values and workplace environment will you foster? 4. Operations & Systems How will you deliver at scale—efficiently and reliably? What systems and workflows need to be in place to support sustainable growth? Which technologies or platforms will you implement to improve efficiency? How automated or streamlined do you want your business operations to become? 5. Brand & Customer Experience What do customers say about you—and why do they keep coming back? How will clients describe their experience with your business? What kind of reputation or brand presence will you be known for? What sets your business apart from the competition ?  Our Dream it. Plan it. Get it! will help you with: 1. Lifestyle & Personal Goals How does your business support the life you want to live? What level of involvement do you want in the day-to-day operations? What does ideal work-life balance look like for you? What personal or financial goals will your business help you achieve?