Fix leaks in your toilet. Use a fill cycle diverter or upgrade to a low flow toilet to save water on each flush. Replace your toilet flapper once a year or buy an adjustable flapper. Install a low flow showerhead. How is sewage calculated? Determine your billable sewer consumption ForRead More →

Increases. The partner’s basis is increased by the following items: The partner’s additional contributions to the partnership, including an increased share of, or assumption of, partnership liabilities. The partner’s distributive share of taxable and nontaxable partnership income. How are nonrecourse liabilities allocated? Generally, excess nonrecourse liabilities are allocated to theRead More →

Tax-deductible super contributions Personal super contributions—those made from money you’ve already paid tax on such as savings or your take-home pay—are tax deductible. These contributions can be claimed against your assessable income when you lodge your tax return. What contributions reduce taxable income? The simplest way to reduce taxable incomeRead More →