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[…..]
If you are in Australia, there are different statutes of taxation. One of the key elements that will determine the amount of tax that you will pay is whether you are a resident of a non-resident. There are many people who are ignorant of such laws and end up making the wrong decisions. Understanding where[…..]
If you make less than $18200 per year, you don’t have to worry about paying taxes on your income. But if you make more than that, you are required to lodge tax return on time. You are mandatorily required to lodge a tax return each year at the designated time of the financial year. But due to certain situations, if[…..]
Managing the rental property can be complex for individuals or businesses. From the taxation point of view if you have multiple rental properties it can be even complex. If you have maintained the complete records of income and expenses with all receipts you will save a lot of time and effort at the end of the financial year. What[…..]
Are you looking to make a donation to charity? Some donations to charity can be claimed as tax deductions on your individual tax return each year. Donations can reduce an individual’s taxable income and money donated in June can result in money back in July. How to check if donation is tax deductible? A donation is[…..]
You might have seen the ads or banner offering instant tax refund or same day tax refund/return during tax season. Do you exactly know how instant tax refund works? The tax refunds come directly from ATO. If some tax agents are offering you instant tax refund, that is not the tax refund you are receiving[…..]