What To Do If You Lose Your Tax File Number

What To Do If You Lose Your Tax File Number

Your tax file number (TFN) is an incredibly important piece of information in your possession and should be a constant companion throughout your life. However, there are times when a TFN is misplaced or forgotten. What are you supposed to do? If you forget your TFN or...
What Kind Of Legal Expenses Are Tax Deductible?

What Kind Of Legal Expenses Are Tax Deductible?

Claiming a legal expense as a tax deduction differs on whether or not you are a business or an individual. When a legal expense is incurred concerning the operation of a business to produce assessable income, it is generally allowable as a deduction. Legal expenses...
STP PHASE 2 – ACTION NOW

STP PHASE 2 – ACTION NOW

Under STP Phase 2, the Australian Government requires all employers to report additional information through STP on or before each payday. This information will include details such as an employee’s employment or income type and the reason for any cessation of...
PAYG Withholding Or PAYG Instalments?

PAYG Withholding Or PAYG Instalments?

As a taxpayer, you may have come across the term pay-as-you-go (PAYG). PAYG is generally a good thing, but there can be confusion between PAYG withholding and PAYG instalments, particularly if you’re an individual who is eligible for both. Both are amounts by which...