Latest Blogs

You may have heard about JobSeeker payment. But do you know, who can get it, how much you can earn on JobSeeker, and how much you can get? To answer all your questions, we have sorted everything to help you understand everything about JobSeeker payment. What is a...

Want to know how to speed up a Centrelink claim? This blog post aims to streamline the complex task of understanding the claiming process. This comprehensive guide is for Australians who get payments through Centrelink. How do you speed up a Centrelink claim? We...

Some Australian taxpayers misuse the tax and superannuation systems to receive financial benefits. The ATO is committed to preventing, identifying and bringing the tax perpetrators and financial crime into consideration. Let’s know more about tax evasion. What is tax...

The politicians have expressed their opinions on the Reserve Bank of Australia's economic policy and their reticence to minimise interest rates in the face of community pressure. We will examine the actual data. Treasurer Jim Chalmers stated that global uncertainty...

When running a business successfully, finding and choosing the right accounting firm is vital. A reliable accounting partner gives you insight into your business, helps with tax planning, and ensures tax compliance. However, with various options available, choosing...

Abolishing the AAT The Administrative Review Tribunal (ART) is a federal administrative review body proposed in the Measures Bill 2024, introduced into Parliament on 21 August. The bill seeks to abolish the existing Administrative Appeals Tribunal (AAT) and amend...

Personal services businesses and Part IVA The Australian Taxation Office (ATO) has released a draft practical compliance guideline outlining its approach to applying the general anti-avoidance rules in Part IVA to situations where personal services income (PSI) is...

Record-keeping for work-related expenses The ATO has issued a reminder to collect the retain appropriate records for work-related expenses this financial year – the primary area for the ATO. Records can be kept on paper, an electronic copy or a clear photo of an...

Additional time for Code of Conduct reform compliance The 8 new tax practitioner Code of Conduct obligations introduced by Tax Agent Services (Code of Professional Conduct) Determination 2024 were scheduled to start on 1 August. However, due to lobbying by...

In Australia, the Pay As You Go (PAYG) instalment system is a crucial part of the country’s tax system. It is designed to help people with investments and businesses manage their tax obligations throughout the fiscal year. If you are not sure if you should pay PAYG...

Lodge with a Registered Tax Agent in Melbourne We have experienced Tax Agent Melbourne who can help you prepare and lodge your tax return. We save you time by completing your tax returns, claiming possible tax deductions and offering personal tax advice. We specialise...

Do you want to know what an employment separation certificate is and why it is used? In this blog post, we’ll discuss the importance of an employment separation certificate. Let’s get started: What is an employment separation certificate? An employer issues an...

We’ll discuss franking credit in Australia and how it works. Let’s get started: What is Franking Credit? In simple words, just like people pay tax annually on their annual income, similarly, companies pay tax on their profit made annually. When a company make a...

For couples with assets invested in a company, it's important to evaluate the tax implications of any settlements made by the company. Payments made by a corporate entity may sometimes be classified as taxable dividends and taxed at the marginal tax rate of the...

The Tax Commissioner has argued successfully that above $1.6m deposited in a couple’s bank account was assessable income, not a loan or a gift from friends. The case of Rusanova and the Commissioner of Taxation is a compelling example. The plot includes an Australian...

In this blog, we’ll discuss the basics of superannuation. Let’s get started: What is superannuation? Superannuation is money that your employer puts aside over your working life for you to live on after you retire from work. Super is crucial because if you save more,...

It is now common for many people to work from home, sometimes at night, sometimes at weekends and sometimes during the day. The ATO pays attention to deductions that taxpayers claim when working from home. The blog post will share eligibility for claiming...

After the tax time meeting held on 23 July 2024, the Tax Practitioner Stewardship Group (TPSG) has introduced key messages and themes. Marketing and Communication Current ATO communications emphasise encouraging taxpayers to lodge because most pre-fill data is...

Business owners often like to be a jack of all trades. They like doing everything on their own to cut extra costs. One service that is frequently overlooked is accounting service. Apart from receiving support from accountants in Melbourne to handle their tax returns,...

Have you ever applied for a loan or credit in Australia? If yes, then you will have a credit score. Now, the question arises of what credit score you must have to apply for a loan. Why does it matter? To learn more about these questions, read this blog. In this blog,...