5 February 2021
Tax treatment of insurance payments for damaged or destroyed property after a disaster

Tax treatment of insurance payments for damaged or destroyed property after a disaster

The Australian weather can be unpredictable, resulting in intense weather conditions. Bushfires, severe storms or floods can cause personal properties and assets a lot of damage. […]
28 January 2021
Tax registration for trusts as trustees and beneficiaries

Tax registration for trusts as trustees and beneficiaries

Trusts have their own tax file number (TFN) that should be used to complete tax returns. Trusts are also able to apply for an Australian business […]
21 January 2021
Taxation of your unused leave when leaving a job

Taxation of your unused leave when leaving a job

When your job ends, whether there has been a termination of employment or redundancy you will receive a payment for unused leave. This payment will be […]
14 January 2021
Fuel tax credits for businesses

Fuel tax credits for businesses

The government provides fuel tax credits for businesses with a credit for the fuel tax (excise or customs) that is included in the price of fuel […]
7 January 2021
Lodging your business activity statement

Lodging your business activity statement

Businesses that are registered for GST are required to lodge a business activity statement (BAS). These assist in the reporting and payment of: Goods and services […]
18 December 2020
What do tax audits involve

What do tax audits involve?

Tax audits are conducted when the ATO deems that a more extensive examination of an issue is necessary. These audits can be conducted on a fairly […]
11 December 2020
How to reduce the tax you pay

How to reduce the tax you pay

There are various potential ways you can reduce the tax you pay. You may be entitled to tax deductions, offsets or you may choose to opt […]
4 December 2020
What record keeping requirements does the ATO have in place

What record-keeping requirements does the ATO have in place?

Record-keeping, if done well, can help running a business much easier. It gives you an overview of the business’ financial progress so that owners can assess […]
1 December 2020
Tax contributions on your super

Tax contributions on your super

How much tax you pay on your super contributions and withdrawals depends on a variety of factors. The process takes into account your total super amount, […]