Are You a Medical Professional? Here are Tax Deductions for Medical Professionals

There are so many medical experts who offer a wide range of medical services in Australia. Some of the common ones include nurses, physicians, dentists, pharmacists, orthodontists, and general practitioners. These are professionals who are expected to lodge tax returns as well. However, there are so many tax deductions that can be claimed by the […]

When Are Tax Returns Due For Companies in Australia

The government of Australia expects everyone who earns money to lodge a tax return annually. For most people, this is a stressful experience and most people end up missing deadlines. Tax returns affect businesses as well and there is a deadline set by the ATO. If you have a company in Australia, you need to[…..]

A Simple Guide to GST in Australia

GST refers to goods and service tax, which is usually a 10% tax on most goods and services which are sold in Australia. If you have a business, you would need to understand how to register, account, and claim credits for GST. This is a simple guide on all you need to know about GST[…..]

How to Find the Right Tax Agent

Taxation is one of the areas that give most people a serious headache. As such, the majority of the population will try to find a professional to handle the tax return. If you choose to do the tax returns on your own, you may end up missing some key details and may lose tax deductions.[…..]

Understanding the Tax-Free Threshold

Are you an Australian resident and would love to know the tax-free threshold? All taxpayers who receive income are expected to pay taxes. However, the first $18,200 of your income is not taxable, which is the tax-free threshold. As such, if your total income is less than $18,200 per year, you will be expected to[…..]

Tax Implication for Foreign Source Income

Australian residents are taxed on their worldwide income and as such, there is a requirement to declare income from foreign sources. The challenge is that most people do not understand the tax implications. You should note that the foreign income you receive may be taxed at the origin country and also in Australia. However, there[…..]

Tax Deductions For Retail Staff: What Can You Claim And What You Can’t On Your Tax Returns?

Tax Deductions For Retail Staff: What Can You Claim And What You Can’t On Your Tax Returns? There are a number of retail employees who are involved in different aspects of running a store. Most retail staff seeks answers as to which items are tax deductible. If this has been your nightmare, this is guide[…..]