ATO Warning on Trust Distributions What to Consider When Making Trust Distributions? Many trustees and practitioners might be thinking of resolutions in relation to trust distributions. The ATO has issued a warning on trust distributions. The ATO is warning that their...
Many people choose to seek help from tax agents in Melbourne when it’s time for tax return lodgment. With increased accuracy, less stress, and maximum refunds, it is beneficial to choose a tax accountant to lodge your returns. Individuals or business owners who are...
For many business owners or individuals, preparing and lodging a tax return is a stressful task. Filing an annual ATO tax return is important as it checks your taxable income and calculates any tax owed or refunded. The ATO needs individuals to file a tax return from...
Do you know the advantages of claiming the tax-free threshold as an employee? Are you still looking for what the tax-free threshold exactly is? If you are an Australian resident for tax purposes for a full year, you don’t need to pay tax on the first $18,200 of your...
Are you looking for an answer on whether you can claim car insurance on tax? You will find this answer in this blog post. So, keep reading the blog to get an answer. Is Car Insurance Tax Deductible? Generally, car insurance premiums are not tax deductible in...
You might be asking yourself ‘How long for a tax return’ if you expect a big refund. You can check the progress of your tax refund using different ways. Let’s explore each one by one. How Long Does It Take to Get Tax Return? The fastest way to check the progress of...
Did you know how capital gains tax works, how to calculate CGT, and how you lodge and pay tax on capital gains when you dispose of assets? To know everything about capital gains tax, read this blog. What is Capital Gains Tax? Capital gains tax is the tax that you need...
Are you a small business owner? Trying to check the taxation process can be difficult to keep up with. However, by receiving help from a professional tax accountant in Melbourne to manage your tax matters, you can get relief from the tax burden. This blog post will...
If you are an employer providing benefits to your employees, then you need to be ready to file your fringe benefits tax return and pay the FBT you owe. Fringe benefits tax is time here. From 1 April, the FBT year starts. To know more about FBT year, read this blog. Do...
The tax office found most breaches in relation to misunderstandings of basic concepts, that’s why it has started a year-long lecture series on Division 7A. Tax agents across the board still keep getting Division 7A wrong by avoiding basic concepts, the ATO says....