While this measure aims to alleviate the burden of living costs, the budget remains cautious in its spending, navigating the delicate balance between...

1. Record-Keeping Essentials:A Holistic Approach

1. Thriving Career Opportunities

We're excited to announce a brand new perk for all current Silver, Platinum and Gold Privilege Plus members.  Save 20% off Automotive...

However, it's important to understand not only what you can claim but also what you can't claim to ensure compliance with Australian tax...

Car Expenses: You can claim a deduction when you are travelling between separate workplaces (e.g. a second job or travelling to and from an alternate...

1) The Tax Code Enigma Let's face it, the tax code is as mysterious as the dark side of the moon.Navigating through the labyrinth of fluid tax laws...

While there's a mix of responses to these measures, it's crucial for taxpayers to understand their implications. In this article, we'll examine the...

The Good News Low-income renters: The government has proposed a 15% increase in the maximum rate of the Commonwealth Rent Assistance (CRA) payment...

Claim Your Work-Related Expenses As an ADF member, you may be able to claim a range of work-related expenses, such as uniforms, protective clothing,...

Firstly, if you're studying a course that's related to your job or future career, you may be able to claim some of your education expenses as a tax...

Here's what you need to know: New fixed rate per work hour The fixed rate for home office expenses has increased from 52 cents to 67 cents per work...

Claiming your tools and equipment As a landscaper, you may use tools and equipment such as lawnmowers, chainsaws, hedgers, and trimmers. You can...

Keep accurate records: Keep records of all your income, such as salary or wages, tips, pay slips, bank statements, and receipts for any work-related...

Make specific, measurable goals Instead of resolving to 'save more money', try setting a specific goal, such as 'save $500 by June' or 'pay off...

The first rule about tax is this: You can only claim a deduction if the expense you have incurred is directly related to the income you’ve...

Here are some tips from our professionals on how best to reduce the likelihood of an ATO audit. Keep it clear If there is one thing that the ATO...

Customers come to us for all sorts of reasons, and not all can be listed here. But if you ever wondered, “should I, would I, could I?”,...

Personal Taxation One of the significant areas of focus for many Australians is how the Budget will affect their taxes. Some of the highlights...

FAQ: Will the ATO fine me if I lodge a late return?  Short answer is yes. The ATO will issue you a Failure To Lodge (FTL) penalty if your tax...

Can I do my tax return without my payment summary? Yes! You can do your tax return without your payment summary as the ATO and your tax agent will...

Phone calls requesting payment via bank transfer The ATO will never request a payment over the phone. Generally, if you do owe the ATO money they...

Thankfully, all of this stress and confusion can be avoided by getting professional help. Here are 3 major benefits of preparing your return with a...

What is the Tax Free Threshold? The Tax Free Threshold is the amount of money you can earn before you start paying tax, and in Australia, this amount...

Don’t worry though, our team of professionals have the tax expertise to help you understand how it must be incorporated into your...

Increase to the Medicare Levy Low-Income Thresholds For singles, families and seniors and pensioners the government will increase the Medicare levy...

What is the Tax Training School? As Australia’s most comprehensive training curriculum, ITP Qld’s Tax Training School offers students an...

Lodging late returns is quite common and can occur for many reasons. Maybe you were overseas, have been sick, or just haven’t had the time....

There are no hard and fast rules for who is audited, but each year the ATO releases information on its targets for that tax season. One thing that...

We know that finding the time to prepare your tax is difficult, and with the tax deadline approaching, the pressure for the latecomers is now...

Tax Thresholds There have been two major threshold changes: The 19% threshold has been increased to $45,000 (up from $37,000) The 32.5% threshold...

In an effort to spring the economy back to life, the Morrison government is expected to back-date tax cuts for middle income earners. There's good...

1. Get free: Reduce or eliminate your debt Household debt can really hold families back from financial freedom. If you’ve got credit cards or...

But there’s so much more to it than that. Your TFN is with you for life, which means even if you haven’t used yours for a while or...

But why bother? Well, keeping records is actually one of the most important ways to ensure you are prepared for tax time. It can save you time, and...

Millions of people look forward to a healthy tax return each year, yet this process can be delayed if you’ve made mistakes or errors. And if...

When is the tax return deadline? Your tax return for  July - 30 June each year must be lodged by 31 October. For example, this year, your return...

So what exactly will a tax professional do to take away the pain? Here are 5 top reasons you should consider getting help with your personal tax...

It’s also an important annual financial milestone for most individuals and businesses. And while the process tends to have a reputation for...

The STP laws give employers until the end of July to send their final STP report. Most Payment Summaries have been finalised and marked as ‘Tax...