All residents of Australia are required to declare all the income that they earn including foreign income. The ATO is on the lookout for people who have been trying to hide foreign income so as to avoid taxation. If you get income from overseas in the form of investments, employment income, or from relatives, you[…..]
The world is going through various changes and the government is keen on revamping the economy. To this end, there are stringent measures that have been put in place, especially when it comes to tax compliance. This has forced most businesses to look for ways to clean up their books and find bookkeepers. Most tradespeople[…..]
Are you among many taxpayers who are worried because they did not get a PAYG summary? Today is your lucky day as we want to clear this up. You can rest easy as it is not necessary to have a PAYG to do your tax return. In this article, we will discuss all that you[…..]
The residents of Australia are always looking for the best ways to do tax returns. There are those who have some knowledge on how to go about but others have no idea. As a matter of fact, there are many people who end up making serious mistakes when it comes to tax returns. Rather than[…..]
Have you been looking for your Tax File Number and cannot seem to trace it? This can be a scary moment as the TFN is used for tax purposes. The Tax File Number is issued by the ATO and will be required to complete a number of applications. If you want to apply for an[…..]