Our Tax Guide Downloads
Please download your tax guides here: Tax Planning Guide for Businesses Tax Planning Guide for Individuals Top Guide for Property Investors Tax Deductions and Your Records Please call us if you have any questions. Ph 07 3823 2344
Find Out How Tax works in Australia
Income tax is the major source of revenue in the Australian tax system. It consists of three main types: Personal Wages & Investments Business Profits Capital gain on Assets. Income tax is calculated on an person’s taxable income. It is paid on almost all types of earnings: wages from your employment, profit from business enterprise […]
Small Business Tax Deductions That You Shouldn’t Miss
A concession for small business means that you can generally claim a deduction for business expenses incurred while generating your business income. Some of these deductions are straightforward – rent, materials, wages, supplies – but here are some you should not forget. Tax Deductions For Small Business Australia We will discuss this with you at […]
Explained: How do tax deductions work?
Most allowable deductions are expenses you incurred to earn revenue. Costs that meet defined rules can reduce taxable income and therefore tax on taxable income. Deductions you can claim Work-related expenses: costs you had to pay as part of your employment/earning income. There are three main rules to claiming work-related expenses – you must pay […]
Can My Business Claim back the GST?
Goods & Service Tax Explained Once your Annual Business Turnover is $75,000 or more, you will be required to register for Goods and Services Tax (GST) and to complete and lodge a Business Activity Statement (BAS) with the Australian Taxation Office (ATO). GST is levied at 10%. This means that you must add 10% to […]
