Often, I am asked by clients “Why do I pay HECS in my tax return when my employer withholds HECS and pays it for me?” The answer is quite simple and this article explains exactly what happens with the extra tax deducted from your pay.
One of the key decisions to be made when starting a new business is whether you should, or should not, register for GST. In this article I’ll be discussing some the issues you’ll need to consider very carefully.
Taxpayers with two more income sources in a given financial year (simultaneously, or at separate times) need to beware of a possible tax trap caused by the tax-free threshold. This article outlines how the tax trap arises and what you can do to avoid it this financial year.
When building a new home, is it CGT exempt? There is a concession in the CGT rules that can allow a taxpayer to treat a property as their “main residence” even though it does not yet have a habitable dwelling. Read on to learn more about this.
An area where we see individuals getting it wrong as employees is in relation to claiming work-related travel expenses.