Most investors, in the real estate industry, bank on tax deductions and breaks to be able to make some money. However, this wait can end up causing extreme cash flow issues. As such, finding an alternative is ideal and this is where the PAYG Income Tax Withholding Variation comes in. PAYG Income Tax Withholding Variation […]
When buying and selling shares, you can either be an investor or a trader. Establishing if you are an investor or a trader for tax purposes is imperative. In most cases, trading shares and investing in shares are commonly used interchangeably. However, there are a few key differences between the two. An investor is defined[…..]
We live in a digital world and everything seems to be moving so fast these days. Communication has become something that is so hard to keep up with, let alone keeping your personal information secure. Your Tax information is vital and there are many scams that happen during the tax time that can lead to[…..]
The income tax rates in Australia are progressive, which means that the higher your earnings are, the higher percentage you pay. Same rules apply to construction worker. It is imperative to know the tax deductions that you are eligible for to minimise your tax bill. Let us take a look at some of the common[…..]
Gone are the days when you had to be worried because it is that time of the year; tax time! Times have changed and there are so many experts to help you with all your tax returns. Our tax consultants have been working with a wide range of clients including real estate professionals. Just like[…..]
The residents of Australia are always looking for the best ways to do tax returns. There are those who have some knowledge on how to go about but others have no idea. As a matter of fact, there are many people who end up making serious mistakes when it comes to tax returns. Rather than[…..]
According to ATO Goods and services tax (GST) is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia. Is it compulsory for all businesses to register for GST? Not all businesses need to register for GST. Businesses with annual turnover of $75,000 or more must register for[…..]
The government of Australia expects everyone who earns money to lodge a tax return annually. For most people, this is a stressful experience and most people end up missing deadlines. Tax returns affect businesses as well and there is a deadline set by the ATO. If you have a company in Australia, you need to[…..]
GST refers to goods and service tax, which is usually a 10% tax on most goods and services which are sold in Australia. If you have a business, you would need to understand how to register, account, and claim credits for GST. This is a simple guide on all you need to know about GST[…..]