Tax

How to figure out Payroll Tax, tax deductions related to payroll and deductions from employees pay

Payroll, in terms of taxation, can mean many different things. We’re often asked questions that have various meanings, depending on the person's level of experience asking.

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Are you eligible for Research & Development tax incentives?

Do you have a great idea and need support to commercialise it? The Federal Government provides a refundable tax offset as an incentive to encourage Australian

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Small Business Tax Audit Triggers

As the pandemic and associated stimulus now subside, the Government, via the ATO, will be making it a priority to increase revenue collections and reduce

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reducing your tax in Australia

How do high income earners reduce taxes in Australia?

taxes have become increasingly more complex and permeate our personal, business, investment, retirement, and estate planning and leads to the topic of how to minimise

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What is Family Tax Benefit & is it Taxable Income?

With the rising costs of raising children, the Government's Family Tax Benefit can be a welcomed payment for some families. This article looks at if

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working from home

What Can You Claim Working From Home?

The impact of COVID-19 on people working from home has been significant. If you are working from home, you’ll be incurring additional costs and it’s

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a man at a desk looking at his laptop

What is GST turnover, Should you register for GST & How to calculate GST

Do you know what GST turnover is and how to calculate the GST you owe? Do you know when you need to register for GST

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cURRENT AND NON CURRENT LIABILITIES

Current and Non-Current Liabilities

We take a look into the commotion about the classification of liabilities - in particular, the distinction between current and non-current liabilities. After all, a

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Lodgement deadlines extended

ASIC Lodgements Deadlines Extended for Unlisted Entities

The corporate regulator, the Australian Securities and Investments Commission (ASIC), has extended the reporting deadline by one month for unlisted entities with balance dates from

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AUSTRALIAN TAX OFFICE CRACKDOWN ON PROPERTY DEDUCTIONS

ATO CRACKDOWN ON PROPERTY DEDUCTIONS

Investment Property Deductions Are on the ATO’s Radar. Statistics recently published by the Australian Taxation Office (ATO) reveal that the vast majority of property investors

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