Tax

23 May, 2023
Is Your Businesss Income Prepaid

Is Your Business’s Income Prepaid?

If your business receives income before a service is rendered to a client, when is the income recognised? Is it when the income is received or […]
10 May, 2023
The Return Of The Instant Asset Write Off The Expiry Of Temporary Full Expensing

The Return Of The Instant Asset Write-Off & The Expiry Of Temporary Full-Expensing

The Federal Budget has reintroduced the $20,000 Instant Asset Write Off to benefit small businesses amidst the myriad of measures announced by the government.  The instant […]
5 May, 2023
Want To Digitise Your Vehicle Logbook

Want To Digitise Your Vehicle Logbook?

Are you in the market for a smartphone-based car logbook app? Keeping accurate records for your vehicle can be incredibly time-consuming, and the requirements can seem […]
17 April, 2023
What Happens With PAYG

What Happens With PAYG?

As a taxpayer, you may have encountered the term pay-as-you-go (PAYG). PAYG is generally a good thing, but there can be confusion between PAYG withholding and […]
12 April, 2023
Understanding The Medicare Levy On Your Return

Understanding The Medicare Levy On Your Return

The Medicare levy is an amount you pay in addition to the tax you pay on your taxable income. The Medicare levy is used to help […]
27 March, 2023
If Ive Lost My TFN What Can I Do

If I’ve Lost My TFN, What Can I Do?

Your tax file number (TFN) is a critical piece of information in your possession and should be a constant companion throughout your life. However, there are […]
13 March, 2023
No More Shortcuts For Work From Home Deductions

No More Shortcuts For Work From Home Deductions

With a new norm surrounding how Australians work (hybrid, remote or office-based), there has been a change in how work-related expenses will be claimed this year […]
7 March, 2023
Side Hustle Income And Your Tax Return

Side Hustle Income And Your Tax Return

If you or someone you know began a side business (or “side hustle”) during the last financial year, you would have to meet the tax obligations […]
28 February, 2023
Foreign Service Income Declaration

Foreign Service & Income Declaration

Have you been employed by someone outside of Australia? If you have, you’ll likely need to lodge a tax return to declare any foreign earnings from […]