5 Fun Facts About The $20k Instant Tax Write-Off
In May, the Federal Government renewed its commitment to allowing small businesses to receive an instant tax write-off for capital assets costing up to $20,000. The following five facts might help you decide whether you want to take advantage of the asset write-off before 30 June. It’s a great opportunity for small business owners to purchase […]
Tax Planning season now in full swing
All Australian taxpayers are legally allowed to arrange their affairs in a manner which minimises their tax liabilities. The end of the financial year (30 June) end is rapidly approaching, which means now is the time to review your finances and discuss any recommended strategies that could be implemented to provide you with the best […]
How Much Super Do I Need to Retire?
Superannuation, also known as Super, is a fixed amount of money that employers are legally bound to keep aside on behalf of their employees. The employees themselves can add onto this by depositing money in their Super account. This money is kept safe until retirement after which the employee can utilise the money. This form […]
Tax Deductions for Tradies
Tradies play an essential role in the development and progress of any country as their efforts accumulate to form the bigger picture. It is indeed true how no job is small or of less importance as every job has its own significance in the society without which a loophole would be created. Tradies are paid […]
Cryptocurrency tax tracking upped with new register
So you think your Cryptocurrency transactions can’t be tracked? New rules now require cryptocurrency exchanges to sign up to a new Digital Currency Register. All transactions exceeding $10,000 will need to be reported to AUSTRAC in line with existing rules for bank transfers and cash transactions. Taxpayers will need to show where the money came […]
Tax Deductions for Nurses
Nursing is an excellent profession that is well respected worldwide. It is regarded as the most trustworthy, honest and ethically sound profession. Its popularity clearly highlights how people all over the country appreciate their hard work and commitment. They work tirelessly day and night, performing their duties in different wards taking care of various […]
Tax Deduction for Personal Trainers
The calculation of taxes and then filing of tax returns is perhaps one of the most stressful activities that an individual has to face. It is therefore absolutely essential to know when and how you can possibly reduce the total tax liability. For this very purpose, the concept of tax deductions is introduced which means […]
Tax Deductions for Sales Reps
Sales representatives deal with selling of goods to the customer. Their main aim is to maintain a smooth flow of sales processes for which they gather as much detail from the customer as possible, analysing the demand-supply mechanism of the consumer. On an average, sales representatives make an estimated amount of $20-40 hourly, which means […]
Why Is It Important To Pay Your Super On Time?
What is a Super? Superannuation, also known as ‘super’, is the amount of money set aside and saved by employees so that they can use it later in the long run, after their retirement. It is like a savings account where the more you deposit, the greater the outcome will be. It is the money […]
Managing Your Receipts Effectively For Your Tax Return
All individuals who are living and working in Australia are most likely paying taxes. Now with the ever increasing prices of commodities and constant pressure of maintaining a specific lifestyle, who doesn’t want to pay less tax. I am sure we all do! One of the most common methods by which one can reduce their […]
