How Much Tax Will You Pay?
While most employees will have Pay As You Go (PAYG) tax deducted from each pay packet, that probably won’t be the correct…
More Scammers Posing as ATO Officers
In January last year, we wrote about the increasing number of email scammers posing as the ATO, attempting to gather personal details…
5-Year Tax Write-offs For Small Businesses
Last week we discussed the immediate deductions available for Small Businesses. In addition to those tax benefits, small businesses can also write-off…
Small Businesses Can Claim Expenses Sooner
If you have started a new small business this financial year (from July 1, 2015 onwards), you are in position to reduce…
Budget 2016 Summary
The 2016 Federal Budget has been announced, and as always, there are winners and losers, those who will be extremely happy, those…
Contractors and Employees
When it comes to your tax return, the question of whether you are a contractor or an employee can have a significant…
All About The Medicare Levy
Australians benefit from a public health system that despite its flaws is the envy of many other countries. Even without private health…
Tax On Superannuation Withdrawals
Previously, we discussed the tax rates that apply to your superannuation contributions. But what happens when you want to withdraw your funds?…
Tax on Superannuation Contributions
In order to encourage people to save money for retirement, the Federal Government under Paul Keating in 1992 introduced Employer Guaranteed Superannuation…
Keeping a Paper Trail
Whether you keep actual paper documents, or simply have access to online transaction records, receipts and statements, the need to retain records…