By breaking down the key components of HECS and the options available, this article will help demystify Australia’s student loan scheme. Readers will come away with a firm grasp of eligibility requirements, repayment obligations, and how to plan their path through higher education with HECS/HELP in mind.
Owning a holiday home can be a great way to enjoy time away from home or earn some extra income. It’s important to understand your tax obligations depending on how you use your property. The ATO has different rules around claiming expenses and declaring income. Here, we discuss what these scenarios are and how you can save your tax dollar.
Tax season is always stressful, but filing taxes for the first time can be even more daunting. ITP’s Tax Professionals are here to save you from stress with all the expert tips you need to start maximising your tax returns year after year.
Some work clothing is claimable, some isn’t, and the line between these two categories can be quite confusing. If you want to understand how the ATO thinks when it comes to claiming clothing on your taxes, our short report will answer all your questions.
What is a Tax File Number (TFN) and what happens if you don’t apply for one? Is it mandatory to have a TFN? Find all the answers here.
With the new year fast approaching, taxpayers would be wise to begin organizing their records and diaries for the key dates ahead on the Australian Taxation Office’s calendar.