Managing your investment income and understanding your tax obligations is essential. Let's explore the different aspects of investment income and what you need to declare. When You Should Declare Investment Income? It all starts with understanding when to declare...
Superannuation, pensions and annuities can be a crucial part of your retirement plan. However, understanding the tax implications is essential. Let's explore how to manage income from superannuation pensions and annuities in your tax return. Overview of Super Pensions...
Leasing or renting commercial premises can be a significant aspect of running a business. A reliable accountant is here to guide you through the complexities of this process. Leasing and Renting Commercial Premises If you're a commercial property owner, you have...
Managing your tax obligations and affairs is an important part of your business, especially if you have employees. The tax requirements of your business may vary as per the type of business you operate, the number of workers you have and the legal structure of your...
What should you do if your employer has not prepared the data for your income statement and marked it as tax-ready? You can seek help from professional accountants to look into this matter. Let’s delve right in to know more about it. What If Your Income Statement is...
Property investors who choose to use their property for short-term stays or leave it vacant are under the supervision of the regulators. The Victorian Government’s recent Housing Statement declared Australia’s first short-stay property tax. The additional tax will...
Have you lost your tax file number? We've got you covered. Your tax file number (TFN) is crucial for many financial transactions. But don't worry if you've forgotten it, as you can easily find it through online services. Just sign into your myGov account or use the...
Are you a foreign tax resident in Australia? Stay tuned to learn about important reporting requirements. Let's break it down step by step. If you're already an account holder in Australia, your financial institution may contact you to confirm your tax residence....
Do you want to lodge your tax return hassle-free? A tax return reveals your income and deductions helping determine if you've paid the right amount of tax. It covers July 1st to June 30th and is due by October 31st. There are different options to lodge your tax...
If your income and concessional super contributions exceed that total of $250,000, you need to check if you are required to pay Division 293 tax. To know whether you need to pay division 293 tax, you must read this blog. What is Div 293 Tax? Div 293 tax is an...