Call centre operators are expected to lodge tax returns at the end of the financial year. This guide will help you with your tax return by providing information on what income to declare and what work-related deductions you can claim. In most cases, people are not sure of what incomes and allowances need to be […]
Granny flats have become quite popular in recent years as a way to generate rental income or provide extra living space for family members. Australian homeowners are increasingly finding that granny flats can provide an extra source of income, especially as property prices continue to rise. A granny flat refers to a small dwelling on[…..]
When buying and selling shares, you can either be an investor or a trader. Establishing if you are an investor or a trader for tax purposes is imperative. In most cases, trading shares and investing in shares are commonly used interchangeably. However, there are a few key differences between the two. An investor is defined[…..]
Security workers play a very important role in keeping people safe. If you work as a security worker, you are expected to lodge a tax return at the end of the financial year. There are quite a number of requirements which you are expected to meet. Additionally, there are tax deductions that you are entitled[…..]
It’s that time of year again when you have to start thinking about your taxes and what deductions you can take as a teacher. Teachers do an incredible job educating our children day in and day out, but when it comes to their own taxes, they often need a little help. Just like other professionals,[…..]
Keeping trains on the tracks and running on time is important work. But if you’re a train driver, it’s also important to make sure your taxes are in order. Annually, you are expected to file your tax return with the ATO. While most people strive to keep up with the tax deadline, there are those[…..]
Security workers play a very important role in keeping people safe. If you work as a security worker, you are expected to lodge a tax return at the end of the financial year. There are quite a number of requirements which you are expected to meet. Additionally, there are tax deductions that you are entitled[…..]
What is the amount I will receive under LISTO? The maximum offset an individual can receive is $500. The amount you get is calculated based on your taxable income and contributions made to your super fund. On the other hand, the minimum amount is $10. In the event that the amount due is less than[…..]
How Much Tax Offset Will I Get? The amount of tax offset that you will get is dependent on your taxable income. Any Australian resident with an income of up to $126,000 is eligible for the LMITO. As we’ve mentioned, the amount of the tax cut varies, depending on your taxable income. Here are the[…..]
How to Get the Private Health Insurance Cover Tax Return? If you want to receive the tax offset, you will need to file a tax return. The process is relatively simple and can be done online. You will need to provide your health insurance policy number as well as your income details. It is important[…..]