PAYG Withholding PAYG Withholding is the tax that the employer holds back from the Employees’ wages and remits to the tax office. You collect PAYG withholding amounts from payments you made to: Wages paid to employees Other workers such as contractors Businesses that don’t quote their ABN. How does it work? You must first register […]

Are you claiming all the business tax deductions that you are entitled to? There are many expenses common to most small business, and there are other expenses that are specific to the nature of the goods or services that your business provides. Operating expenses include accounting, administration, advertising and marketing, office premises, office running expenses, […]

Although your tax return is not due for a few months yet, the end of the financial year is near. Get ahead now by preparing all the documents required for your 2021 tax return so you can get your tax done quickly and get any refund due to you in your bank! Income The Australian […]

Introduction The Australian Government through The Australian Tax Office has introduced “My GovID”, a new & safer way to access public services for individuals & businesses. Launched in January 2020, My GovId has replaced the earlier “Auskey” as the government approved digital identification method for using Australian Government websites. With the coming of My GovId, […]

A capital gain or loss is the difference between what you paid for an asset and what you sold it for. Capital assets include Shares, Real Estate, Precious metals etc. Capital gains tax applies to Capital gains made when you dispose of any asset. By the end of this article you’ll get to know: What […]

Working in the healthcare industry can be daunting and physically exhausting. The work demand makes it understandable why nurses, pharmacists, and other health care professionals don’t have the time to worry about their tax deductions. Some of them are working for long hours, double shifts, and in emergencies, leaving them with little to no time […]