Children may seem to get the short stick of tax law when it comes to taxation. Children under the age of 18 years can only earn $416 in a year...
What Tax Will Children Pay On Money Left To Them In A Will?
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Thinking Of Moving Overseas? Now Might Be The Time To Sell Your House
The rules regarding the capital gains exemption for your main residence have changed, which could impact your current situation (if you’re not aware...
WEBINAR ON RECENT PAYROLL TAX DECISION
TOPIC OVERVIEW: For this State administered tax, the recent decision in the case of Thomas and Naaz v Chief Commissioner of State Revenue...
Logbooks For Your Cars
There are a number of methods that tax deductions can be calculated for car usage or the fringe benefits value of a car. One of these methods...
One Of The Last Great Tax Benefits: The Special Building Write-off
One of the most common things that people approach accountants about is tax, or rather, that they’re paying too much of it. How can they reduce it?...
The Right Business Structure For Your New Medical Practice
Choosing the proper structure for your practice means smooth operations, but getting to that stage can be a long and confusing journey. You need to...
What Is Never Tax-Deductible?
What Is Never Tax-Deductible? There are special provisions in tax law that provide that certain items will never be tax-deductible. Even if you feel...
$450 EARNING THRESHOLD FOR SUPERANNUATION GUARANTEE PAYMENTS REMOVED
From 1 July 2022, employers will need to pay super for employees who earn less than $450 per month provided they meet certain eligibility...
SINGLE TOUCH PAYROLL – PHASE 2 – WHAT YOU NEED TO KNOW
On 1 January 2022, the STP Phase 2 was introduced. This phase expands the obligatory employer reporting requirements as well as making it easier to...
Personal Services Income (PSI) – What is it and How Does it Affect me?
Personal Services Income (PSI) is ordinary or statutory income that has resulted from an individual’s personal efforts and skills; income that is...