Tax time tips for small business!
Need some tax time tips for small business? The Australian Taxation Office (ATO) is lending a helping hand to nearly four million small businesses to get their tax right this tax time. Assistant Commissioner Peter Holt said the ATO understands that small businesses have a lot on their plate with the day-to-day running of their […]
5 top tips for School leavers when it comes to tax (and how to tackle your first tax return)
School Leavers, did you finish school in 2018 or 2019? Have you worked in any capacity since? While it’s not a big focus in school, it is so important to understand your tax obligations when it comes to your income. What is tax? Tax is an amount that is deducted from your wage using a […]
What happens if you lodge your income tax return after cut off?
Late Tax Return? No Problem! With the countdown of ‘end of financial year’ finished for another year and accountants everywhere busy calculating income tax returns for their clients all over Australia, but EOFY is not only a reminder for the next tax year, it’s also a timely reminder (for those of us who have yet […]
Removing tax deductibility of non-compliant PAYG payments
When it comes to tax, it pays to be aware of upcoming changes and one of the changes that take effect this month is the removal of tax deductibility of non-compliant PAYG payments. What has changed? From 1 July 2019, you can only claim deductions for payments you make to your workers (employees or contractors) where […]