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Tax
Keep up with the latest tax updates affecting individuals, small businesses, and investors. From deductions and planning tips to ATO audits and rule changes, our expert team breaks down complex tax issues with practical, timely advice, so you stay compliant and never miss an opportunity to reduce your tax legally.
FBT on Office Christmas Party - Top 11 Issues for Employers
Here are the top 11 things that businesses need to know about providing benefits to your employees including the office Christmas party
Employee vs Contractor (Workers Compensation) -Part 4
Employee vs Contractor (Workers Compensation) -Part 4
Employees vs Subcontractors – Part 2
Last week we discussed the distinction between a common law employee and an independent contractor for superannuation guarantee contribution (SGC) and PAYG withholding purposes. So what are the practical implications for employers? (1) Is a worker considered to be a…
Negative Gearing Calculator for Investment Properties
Our Negative Gearing Calculator is simple to use and provides you with the after tax, out of pocket cost per week and the years to positive cashflow.
How to amend PAYG Payment Summary Statement
It appears that many employers are making the mistake of including 9% superannuation guarantee contributions at the reportable superannuation contribution label
Medicare Levy Thresholds
From the 2009-10 income year, the Medicare levy low-income thresholds will be increased for singles to $18,488 (up
from $17,794 for 2008-09)
2009/2010 PAYG Payment Summary Changes
Changes to PAYG Payment summaries, group certicates, employer reportable superannuation contributions required to be shown on statements from 1 July 2009
2010 Federal Budget Summary
Overall, there is very little in the Budget for the average business. Apart from the resources super profits tax, the key measure for business is the reduction in the corporate tax rate from 30% to 28
Consequences of Division 7A: Part 2
Learn about the tax consequences of Division 7A loans, without careful planning, the tax penalties can be severe. A deemed dividend loses its franking credits.
What is Division 7A? Part 1
Division 7A deals with amounts paid, lent or forgiven by a private company to certain assoicated entities (including individuals) that are treated as dividends
Income Tax Calculator - Average Rate of Tax
Income Tax rates in Australia have been falling almost every year for the last 15 years. The top marginal tax rate is now 46.5% including the medicare levy and this top tax bracket kicks in at $180,00
Tax Calculator - Calculate your 2011 tax cut
How much will you save in tax from 1 July 2010, as a result of tax rate changes? The changes to the tax rates for the 2011 financial year, are:
Super Rates and Thresholds for 2011 Financial Year Released
The ATO has recently released the following rates and thresholds for superannuation contributions and pension income streams which will apply for 2011 Financial Year.
Different Business Structures: Part 2: Company
Advantages and Disadvantages of using company as business structure
Claiming Motor Vehicle Expenses
Below is a summary of the different methods for claiming motor vehicle expenses in your individual tax return. Work-related car expenses are expenses you incur in the course of performing your job as
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