Company directors: Do you REALLY know your responsibilities?
Company directors especially need to keep in mind that the Corporations Act …
DetailsCompany directors especially need to keep in mind that the Corporations Act …
DetailsA new law applying GST to international sales of services and digital products will apply in Australia from July 1 next year. The new tax rules will apply to international sales of digital products and services provided to Australian consumers. Under the new law, overseas businesses will be required to pay GST on these sales.…
DetailsAs a general guideline, the ATO will allow a deduction for insurance premiums if it can be shown that the insurance cover relates to earning assessable income.
DetailsUnfortunately, having to deal with managing a deceased estate is a task many of us will have to shoulder at some stage in our lives — but having some familiarity with what’s involved beforehand will hopefully ease the burden. It is worth remembering that the law that applies to the assets and income of a…
DetailsThe Federal Government has responded to pressure and dropped its plan to introduce a 32.5% tax on backpacker workers.
DetailsBy Julian Nowland Treasurer Scott Morrison has buckled to intense backbench pressure and dumped many unpopular elements of its superannuation policy that were announced in May’s Federal Budget. Some of the key measures are: The proposed $500,000 limit on after-tax contributions, will be replaced by an annual non-concessional $100,000 limit, down from the current $180,000,…
DetailsYou can claim a tax deduction for the cost of purchasing tools and equipment that you have used throughout the year to earn your income, and also for the work related use of your home office.
DetailsWith a range of self education expenses qualifying as tax deductible in Australia, your studies can save you tax.
Uniform expenses can be a tricky tax return area to navigate. If you have to buy a smart new suit for your office job or a particular brand of clothing from your new employer, it might seem like these are obvious work expenses and valid tax deductions. Not necessarily, according to the Australian Taxation Office.…
DetailsWork related travel expenses can be claimed as a tax deduction, which will assist in maximizing your tax refund. According to the ATO, work related travel expenses are any costs incurred as a result of travel, transportation or accommodation accrued during the course of your job. This does not include travel to and from home…
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