Are You Up To Date With Your International Tax Obligations?
You need to declare all of your income when you lodge your income tax return, including all foreign income.
You need to declare all of your income when you lodge your income tax return, including all foreign income.
As a small business owner, you’re busy enough with the day to day running of your business, making sure your customers are happy and paying all the bills. It’s understandable that your focus is there, however, a big part of business is making sure you stay in business. All sorts of things can and do go wrong and a little bit of insurance planning can go a long way to ensure you stay afloat.
In today’s world almost every transaction is virtual, which means it relies heavily on firewalls, anti-virus programs and safeguards to keep your financial data and personal information secure. However for every virtual wall built, there is a hacker writing programs and a scammer in the sidelines planning to steal your data.
While savvy Australian’s look at ways to cut their expenses, tax is often overlooked. Tax is actually one of your highest yearly expenses, and the truth is most don’t look at ways to cut their taxes. You might think that there aren’t many ways tax can be reduced, but the truth is, it can – and it’s quite easy! A little bit of knowledge and professional advice is all you need.
While savvy Australian’s look at ways to cut their expenses, tax is often overlooked. Tax is actually one of your highest yearly expenses, and the truth is most don’t look at ways to cut their taxes. You might think that there aren’t many ways tax can be reduced, but the truth is, it can – and it’s quite easy! A little bit of knowledge and professional advice is all you need.
To avoid paying too much tax, there are ways to actively, and legally, reduce your taxable income. Understand what you can do can save on your tax bill. The difference could save you hundreds, if not thousands of dollars.