Each tax season, the Australian Tax Office directs its attention to specific areas where taxpayers tend to make mistakes, whether inadvertently or intentionally. Rental properties have […]
Ensuring ATO compliance for property investors Read More »
When purchasing a car that exceeds the car limit, special rules apply regarding depreciation and tax deductions. The car limit sets the maximum amount that can be depreciated for tax
Buying a Car Above the Car Limit: What You Need to Know Read More »
When starting a business, understanding the different business structures and their tax implications is crucial. Here are the primary business structures in Australia and their key tax responsibilities:1. Sole Trader
Business Structures and Tax in Australia Read More »
Understanding Casual Employment: Your Rights and Changes Ahead Are you a casual worker or thinking about becoming one? Here’s a quick guide to help you navigate the world of casual
Changes to Casual Employment Law: What You Need to Know in 2024 Read More »
🌟 Keeping Up with Fair Wages in Australia 🌟 As we step into 2024 Financial Year, it’s essential to recognize Australia’s commitment to ensuring fair compensation through its updated minimum
Minimum Wage from Financial year 2024 Read More »
To use the home office set rate of 67 cents per hour you must have full diary records of hours done. An estimate is not acceptable Work-related expenses for
23/24 Tax Hotspots Read More »
Imagine a world where your financial records seamlessly align, where clarity and accuracy reign supreme, and where you effortlessly make informed decisions that propel your business forward. That world is
Elevate Your Financial Landscape with Our Bookkeeping Services! Read More »
In a move to alleviate the financial strain on Australian households, the government has unveiled a comprehensive tax cut plan slated to take effect from 1st July 2024. With
Self-Managed Superannuation Fund is a type of superannuation fund in Australia that is managed by the members themselves, rather than by a professional fund manager. SMSFs can have up to
The ATO has signaled their intent to penalize last lodgment of Bas and tax returns very heavily. In the hope of recouping funds provided during Covid they are looking to
Late Lodgments Penalized by ATO Read More »
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