Read the latest news, get tax advice and keep up to date with our timely and informational short reports.
Established in 1999, the Farm Managements Deposit (FMD) Scheme is a government initiative which provides tax deductions on farm management deposits to help primary producers deal with inconsistent income from natural disasters, climate and market changes aiming to provide assistance through tax liability. If you’re a primary producer, it might pay to understand how the FMD works and how you can benefit from this scheme.
With tax season around the corner, scammers start to get busy. It pays to be hyper vigilant. Our short report outlines what scammers are up to and how you can keep yourself safe.
Working as a sports person has taken Jo Brigden-Jones around the world with her exciting sports career. When she began, her costs were private, but when her career turned into a professional vocation, the money she earned began her income and attracted income tax. Here, she shares some hot tips to maximise tax deductions for those who work in the sports industry.
With more than 70% of rental property tax deductions lodged incorrectly, the ATO is set to crack down on property owners declarations. Understanding what to do and how to report properly will save you time and money. In our short report, we share the top mistakes rental property owners often make.
Tax deductions, tax rebates, tax concessions. It’s a complicated mix that can dramatically decrease the amount of tax you’re obligated to pay, but do you understand how they work and how you get them?
Did you know you’ll need to register for and collect GST even if your business earns less than $75,000 as an Uber driver? Making money as an Uber driver has increased in popularity in Australia, but you’ll need to be prepared when it comes to regulations and tax. Read more here to find out what you need to know.