Many taxpayers in Australia expect some sort of tax return, but for many how a refund is calculated is a mystery. There are many calculations and deductions that are included to form your personal income tax. How can you work out what your tax refund should be?
Andrew Mills states that having a professional adviser is the ‘single best predictor of business success’.
Tax agents are expert accountants that specialise in the complicated ways necessary for handling and lodging tax returns. They do all the work for you during tax time, saving you the time, energy and headache of filing your own tax returns. So, what to tax agents actually do and how can you benefit?
Savvy non business owners make it a point to keep track of their daily finances. This minimizes costs and stress. Keeping up-to-date financial records helps when lodging a small business tax return. If you want to start taking charge of your business’ bookkeeping, here are a few tips from The Income Tax Professionals.
In the 2019-20 Federal Budget, the Government announced changes to tax offsets which became law and will affect all Australians. What are those changes and what do they mean for you?
Come tax time, many small businesses are not taking advantage of the many eligible claims you can make. The EOFY is a key time to make sure your books are in order, invest in your own business and take a snapshot of where your business currently stands to maximise your tax return.