Employee Share Schemes (ESS)
According to Employee Share Schemes employees can buy shares in the company they work for at a discounted price and a right or option to buy shares in the company…
Uber Driver GST Registration
Are you a driver? Do you earn your income by transporting passengers driving car other than conventional taxi? If your answer to the above questions is yes, then you are…
Handling your savings & Smartly paying off Home loan
You might be thinking about making some big plans in the future such as buying a house or an investment property or starting a family. So now is the time…
Maximizing value for your tax money back
This applies when You are expecting to receive the tax refund You have plans to spend your tax refund Here are a few of smart ideas to take tax refunds…
Calculating Work-related Motor Vehicle expenses
Continuing from our previous release, one can calculate the amount of claim for motor vehicle expenses using either of the following two methods: cents per kilometre method logbook method Cents…
Work-related Motor Vehicle Expenses: Your Claims!
You need to be a bit careful while claiming motor vehicle expenses You can claim motor vehicle expenses if they’re directly related with your job. If you are claiming a…
Uberx Services Tax Implications
If you are a driver and earning income by transporting passengers driving car other than conventional taxi, then you are carrying on an enterprise and provide ride-sourcing also known as…
Negative Gearing: How it affects you
Negative gearing is a strategy of generating short to medium term tax losses which arise when the costs of owning an investment property exceed the income it produces. Negative gearing…
Gifts – Tax Deductible
Yes, A taxpayer can claim a tax deduction for gifts or donations if your gift meets the all of the following ATO requirements: The gift must be made to a…
Self-Managed Superannuation Fund (SMSF)
SMSF is a private superannuation fund that you can manage yourself but is regulated by the Australian Taxation Office. It comes into existence in a trust financial structure and designed…