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Latest News
Do you know what counts as business income?
You may receive your business income in the form of: cash and digital payments, such as EFTPOS, online, credit or …
Important super changes you need to know
Important changes to how much super you need to pay are now in effect. You now need to pay super …
Lodge with a Registered Tax Agent
A tax agent is a qualified professional who can help you prepare and lodge your tax return. You can engage …
Get Back on Track with a Payment Plan
Did you know that small businesses and sole traders who are having trouble paying their tax can set up payment …
The Importance of Keeping Records
Keeping good records helps you and your tax adviser: to provide written evidence of your income and expenses prepare your …
Records for Expenses
For most expenses you need a receipt or similar document as evidence of your expenses. To claim a deduction for …
GST and Health Products
If your business sells nutritional supplements, analgesic products, or wound care, you may need to include goods and services tax …
Are You a Director?
You’ll need a director identification number (director ID) if you’re a director of a company registered with the Australian Securities …
Medicare Levy Surcharge Rates and Thresholds
The MLS rate of 1%, 1.25% or 1.5% is levied on: your taxable income total reportable fringe benefits, and any amount on …
Are You Eligible for the Lower Company Tax Rate?
Did you know that reduced tax rates may be available to eligible entities? These include companies, corporate unit trusts and …
