Working in a Fly-In, Fly-Out (FIFO) job comes with its own set of challenges for not only your lifestyle but also your tax. Understanding the tax implications empowers you to optimise your tax position. In this article, we look at the typical deductions for FIFO workers.
If you are an Australian resident or, have met the eligibility criteria for foreign residents, you are exempt from paying tax on the profit made from selling your property.
Student and Training Loans are government-provided financial assistance programs designed to help eligible students cover the costs of their higher education or vocational training.
Did you know that certain food and drink expenses can be considered business expenses and hence tax deductible?
For the 2022-23 financial year, the shortcut method will be discontinued. Only two methods are available to calculate these deductions: a revised fixed rate and the actual cost method.
If you are a backpacker or travelling in Australia on a working holiday visa, you could be entitled to a tax refund!
On the July 1st, 2022, various changes to superannuation contributions will come into effect.
Is your business affected by the storms and flooding the past few months? The NSW Government is providing a disaster recovery grant for small businesses and not-for-profit organisation.
