Superannuation Changes Superannuation changes will be introduced to federal parliament giving more than three million low-paid workers certainty over their financial future. Among the sweeping changes — announced in the May Budget — are a low-income superannuation tax offset that will spare about 3.1 million low-income workers — mostly women — a tax hit from […]
New business – Where to work from? When starting a new business, one of the things you’ll need to work out is where you’ll operate. Each business has different requirements, so it’s important to consider what will work for you when deciding on a location for your business. What are my options? There are a […]
Airbnb rental income is taxable Using sharing apps like Airbnb to rent out a room in your house is taxable. You can only claim expenses related to the part of the house you rent out and you need to apportion the expenses accordingly. However, you can claim 100% of any fees or commissions charged by […]
Tax Scam Have you ever been contacted by a tax scam scheme via phone, email or correspondence? More and more Australians are being targeted and falling victims to organised crime. Most taxpayers that receive any correspondence from The Australian Tax Office take notice and sadly many open email links or give out too much information […]
Key Dates October 2016 Another busy tax reporting month with some Key Dates October 2016 on the way. Make sure your calendar has all the key dates highlighted. Date Obligation 21 October Pay annual PAYG instalment notice (Form N). Lodgment is only required if you vary the instalment amount or use the rate method to calculate […]