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.
Did you know that certain food and drink expenses can be considered business expenses and hence tax deductible?
Single-touch-payroll or STP is monthly online payroll submission directly from payroll software to replace annual manual payroll reporting. Phase 2 requires all businesses to start submitting payroll data by the 31st of March 2023.
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.
As a director, you hold significant responsibilities regarding the operation and management of the company. Here are several obligations you must fulfill as a director.
Much welcoming news to the housing market that the Government has funded $780 million to help homeowners and buyers in specific categories under the Shared Equity Scheme
If you are a backpacker or travelling in Australia on a working holiday visa, you could be entitled to a tax refund!
On March 29th, 2022, Treasurer Josh Frydenberg announced the Federal Budget for 2022-23. Here are some key takeaways you should know.
On the July 1st, 2022, various changes to superannuation contributions will come into effect.
