The Taxable Payments Annual Report (TPAR) is due for lodgement by the 28th of August every year. This report is now required by businesses in the following industries: building & construction industry cleaning services courier services road freight services IT…

PAYGI Letter – Are you confused by one of these letters from the ATO???

Proposed Superannuation Changes for the Federal Budget 2018 – There are some positive changes for retirees moving forward. However, these super changes are not yet enforced but it is well worth considering how your retirement plans might be affected. The proposed changes include:

CAN YOU CLAIM YOUR WORK CLOTHING AS A TAX DEDUCTION?

As we zap into the holiday season and the New Year, thousands of Australians are feeling the pinch in their wallets. It’s an expensive time of year. Plus everyone wants 2017 to be a better year financially. Taking a second job is on the cards for many.

First, see if you are really going to end up ahead. It’s important to know the tax ins and outs of a second job so you can make an informed decision.

The following are samples of calculators that may provide rough guidance in financial and taxation matters.   Simple Tax Calculator The ATO’s calculator estimates the tax payable on your taxable income Stamp Duty/Land Transfer Calculator The State Revenue Office’s calculator…

To employ or subcontract, that is the question. This article covers some, but not all, issues regarding employees vs subcontractors.

With the Reserve Bank of Australia’s (RBA) February 2015 decision to reduce interest rates to 2.25% the question becomes how long do we expect low interest rates to last? The best way to look at interest rates is to use…

How to claim depreciation as a tax deduction using the Small Business Pool, Low Value Pool, Prime-Cost Method , and Diminishing Value Method