Managing Your Tax Debt
As a small business owner money can be tight at times. Adjusting to sporadic income whilst balancing regular bills can be tough, really...
What Income do I need to Declare?
Your income is declared on your tax return each year. Most of this information is provided to the ATO from employers and financial...
You may still need to lodge a Tax Return
Did you know that low income earners may still need to lodge a tax return. One common misunderstanding is that if your income is under...
ATO Data Matching and You
Renting a room through Air BNB? Have you declared this income? According to the tax office, an “extensive data-matching program” will be...
Are you in Business or is it just a Hobby?
This tax-time it is important to understand the differences between a hobby and a business. Your tax and other obligations start once you...
Top 10 - Tax Myths Busted
Myth: Everyone can automatically claim $150 for clothing and laundry, 5000 kilometres for car related expenses, or $300 for work-related...
2018 Tax-Time Checklist
You may have read the news articles or have seen the social media posts from the Australian Tax Office. Your 2018 Tax Return will be...
Understanding Private Health Insurance
JUNE 30 COUNTDOWN! One of the most common questions we are asked is “Do I need Health Insurance” The first thing to understand is that we...
Beware of Phoenix Activity
WHAT IS PHOENIX ACTIVITY? Illegal phoenix activity is when a new company is created to continue the business of a company that has been...
Work Related Expenses - What can I claim?
One of the ATO’s main focus areas throughout the 2017 Tax Season was incorrect claims for Work-Related Expenses. The ATO have stated that...