Tax
CategoryHow Different Trust Types are Taxed
A tried and true method of investment, trusts are generally and commonly known as being for the wealthier elements of society. A trust how..
The Sharing Economy And Your Tax Return – How You Could Be Affected
In Australia any income earned by a job may be considered to be taxable income. Those who receive their income via the sharing economy are..
Interest On Your Home Loan Could Be Tax-Deductible
It’s a simple, step-by-step process used by many Australians to increase their income. Borrow money from a financial institution, invest i..
Maximising Tax Returns On The “Side Hustle”
If you or someone that you know began a side business (or “side hustle”) during the last financial year, you would have to meet the tax ob..
Jobkeeper Repayments – Tax Deductible?
The end of the month will see the end of the Jobkeeper payment scheme from the government.
Eligible businesses who choose to voluntarily r..
Small Business Benefits or Taxable Concerns?
As an employee in a business, often there are perks that can come with the job. A company car, fuel money, perhaps some technology to help..
Self-Education Expenses
Individuals who partake in self-education may be able to claim a deduction for their expenses if the education is related to their work or..
What you can salary package
Salary packaging allows you to create a ‘package’ of income and benefits.
In your salary package, you can include benefits that you would ..
What you need to know about luxury car tax
Luxury car tax or LCT is a 33% tax on cars that have a value (including GST) above the set threshold. However, the tax is only on the valu..
Records you need to keep on rental properties
When you own a rental property, keeping records is important. These will help you meet tax obligations. Generally, only individuals with t..