Do You Need To Declare Your Overseas Income In Your Tax Return?
Have you earned foreign income? You’ll need to declare your foreign income in your Australian tax return, however there are tax offsets and exemptions you may be entitled to.
Starting a New Job? Here’s Everything You Need to Know About PAYG
Just started a job? Not sure how the whole income tax thing works? Read on to learn everything you need to know about pay-as-you-go (PAYG) tax and how it works in Australia.
Tax on Redundancy Payments: What Do You Pay and What Are the Rules?
Most people associate redundancy with simply losing a job, but the ATO has specific definitions. Not all redundancy payments are taxed in the same way. Read on for a clear explanation of whether you’ll have to pay any tax on your redundancy pay.
Side Gigs & Taxes: How Much Tax Do You Pay for a Second Job?
If you have more than one job, you can generally only claim the tax-free threshold for your first job or the job that pays the most. Does this mean you’ll pay a massive amount of tax on your second job? Read on to clear up the confusion.
How Tax Deductions Can Reduce Your Tax Bill And Save $$$
Taxes are an essential aspect of modern life, and they play a vital role in funding important public services such as healthcare, education, and infrastructure. It’s important to understand how tax deductions work so that you can take advantage of them and minimize your tax bill, after all why pay more tax than you have to?
What Is PAYG Withholding? Everything You Need to Know About PAYG and BAS
Life can feel a lot more complicated once you’ve registered to collect GST. As certified accountants, we’re all too aware of this, so we’ve made it our mission to pick apart the complications and lay everything out for you in a straightforward way. On today’s agenda, we’re covering what the PAYG labels on your BAS form mean and how to lodge your BAS correctly.