Interest On Your Home Loan Could Be Tax-Deductible
April 12, 2021 10:00 am Leave your thoughtsIt’s a simple, step-by-step process used by many Australians to increase their income. Borrow money from a financial institution, invest... View Article
Categories for tax
Easy ways for your Small Business to Stay ahead at Tax Time.
March 19, 2021 9:19 am Leave your thoughtsAs an employee in a business, often there are perks that can come with the job. A company car, fuel... View Article
What you need to know about luxury car tax
February 25, 2021 6:42 am Leave your thoughtsLuxury car tax or LCT is a 33% tax on cars that have a value (including GST) above the set... View Article
Records you need to keep on rental properties
February 18, 2021 9:39 am Leave your thoughtsWhen you own a rental property, keeping records is important. These will help you meet tax obligations. Generally, only individuals... View Article
The amounts you don’t need to include as income
February 15, 2021 7:32 am Leave your thoughtsAmounts which are not classified as income are split into 3 categories. Exempt income This is income that you do... View Article
Tax treatment of insurance payments for damaged or destroyed property after a disaster
February 4, 2021 7:05 am Leave your thoughtsThe Australian weather can be unpredictable, resulting in intense weather conditions. Bushfires, severe storms or floods can cause personal properties... View Article
Trustees and beneficiaries registering for tax in trusts
January 28, 2021 8:00 am Leave your thoughtsTrusts have their own tax file number (TFN) that should be used to complete tax returns. Trusts are also able... View Article
Taxation of your unused leave when leaving a job
January 21, 2021 7:27 am Leave your thoughtsWhen your job ends, whether there has been a termination of employment or redundancy you will receive a payment for... View Article
Fuel tax credits for businesses
January 14, 2021 7:32 am Leave your thoughtsThe government provides fuel tax credits for businesses with a credit for the fuel tax (excise or customs) that is... View Article
Lodging your business activity statement
January 7, 2021 9:04 am Leave your thoughtsBusinesses that are registered for GST are required to lodge a business activity statement (BAS). These assist in the reporting... View Article