Tax

Super guarantee contributions due by 28 July

12 July

Remember, super guarantee (SG) contributions for your eligible employees are due by 28 July. Follow Ricky’s story below to learn more about your obligations as an employer. Ricky operates a florist where he hires multiple employees to help manage...[Read More]

Victorians to pay the country’s most property taxes

12 July

Victorians are poised to be slugged with the most property tax in the country this year and beyond but NSW won’t be too far behind. A Victorian Parliamentary Budget Office report has revealed Victoria and NSW’s heavy reliance on property taxes,...[Read More]

Amounts you do not include as income in your tax return

5 July

You may receive money that you don’t need to include as assessable income in your tax return. You may still need to report these amounts so we can work out your tax losses or eligibility for tax offsets or benefits. Amounts you don’t include as...[Read More]

What’s new for individuals tax

28 June

Before you complete your tax return for 2022–23, find out what’s new and any changes that may affect you. Working from home deduction changes The fixed rate method for calculating your deduction for working from home expenses has been...[Read More]

Deductions individuals can claim on tax

21 June

Find out which expenses you can claim as income tax deductions and work out the amount to claim. How to claim deductions How to claim income tax deductions for work-related expenses and other expenses, and record your deductions. Cars, transport...[Read More]

Steps to Building an Emergency Fund and Why You Need One

15 June

Life is unpredictable, and financial surprises can arise when you least expect them. This is where an emergency fund comes in. This financial safety net is designed to cover unexpected expenses, like car repairs or medical bills, or provide support...[Read More]

End of financial year tax tips

1 June

July 1st is fast approaching, and we all know what that means. Yes, it’s tax time. Unfortunately, filing taxes can be a laborious, frustrating, time-consuming, and somewhat overwhelming process for some of us. However, for others, filing their...[Read More]

Stage three tax cuts blow bigger hole in budget: Greens

17 May

The stage three income tax cuts will cost the budget $313 billion over the next decade, according to new costings commissioned by the Greens. That is 23 per cent higher than the previous estimate of $243b, which was not included in the federal...[Read More]

Super tax tweak to slug top 10pct, Treasury docs reveal

26 April

A 20-year-old earning an average wage – about $90,000 a year in today’s terms – is expected to be captured under federal government changes to superannuation tax concessions, but only by the time they reach their early sixties. New Treasury...[Read More]

Cyber safety checklist for small business owners