Payment for New Parents – Tax Facts
Income tax applies to paid parental leave, and it may also impact other government benefits including child support, health care cards, and public housing. On the other hand, the Newborn…
0 Comments
26/05/2023
Dependant (Invalid and Carer) Tax Offset – Tax Pitfalls
According to the Australian Taxation Office, the "adjusted taxable income" refers to the total of the following amounts: taxable income adjusted fringe benefits tax-free pensions or benefits income from overseas…
24/05/2023
Children – Tax Tips
If your child is both employed and pursuing higher education at a university or TAFE, they may be eligible to deduct certain expenses, provided there is a significant link between…
19/05/2023
Are you eligible for the Dependent (Invalid and Carer) Tax Offset? – Tax Facts
To qualify for this tax offset, you need to meet the following conditions: You must contribute to the maintenance of one of the following individuals: Your spouse Your parent (or…
17/05/2023
Income Splitting Part 2 – Tax Tips
If you're single or both you and your spouse fall under the highest tax brackets, you may want to consider establishing an investment company. This type of company is subject to a flat tax rate of…
07/05/2023
Income Splitting Part 1 – Tax Tips
If you're looking to maximise your tax refund or minimise your tax payable, there are a few key strategies that you can employ. One effective approach is to place all of your investments under…
04/05/2023
Marriage – Tax Pitfalls
When determining eligibility for benefits from the Family Assistance Office such as childcare rebates and family tax benefits, the total income of married couples is taken into consideration. Additionally, if the couple earns a combined…
30/04/2023
Marriage – Tax Facts
Starting from 1st July 2009, individuals who are in same-sex relationships are granted equal treatment to heterosexual couples in terms of tax. The Australian Taxation Office has specified certain tax benefits that are now available to same-sex couples such as…
30/04/2023
3 Benefits Of Employee Recognition
Introduction The holidays are not the only time to show appreciation to your employees or subordinates. You should always appreciate them especially when they have displayed exceptional performances. Available…
14/11/2022
How To Develop Your Passion Into a Business
Introduction Transforming your passion into a business that constantly generates income can be overwhelming for the average person. But with the right knowledge and steps taken you will be…
10/11/2022
