Tax Archive
Tax
Australia's tax refunds have reduced due to policy changes, impacting millions. This article explores the nation's high reliance on personal income tax and the effects on individuals, especially those with multiple jobs.
Tax
Discover how eligible individual primary producers can now treat income from eligible ACCUs and carbon abatement activities as primary production income. Learn how this can help reduce taxable income in years of good cash flow, access income tax averaging, and how holders of eligible ACCUs are taxed.
Small BusinessTax
Learn about the impact of Personal Services Income (PSI) on your tax return and deductions. Find out how to determine if your business qualifies as a Personal Services Business (PSB), claim deductions, and report your PSI based on your business structure.
Tax
The global digital games industry is worth around $250 billion and in Australia, grew 22% between 2020 and 2021 generating $226.5 million in income and employing over 1,300 fulltime workers. And, it’s an industry the Government wants to support with a new tax offset.
Tax
Learn about the latest tax deduction changes for small business owners, including updates to car expenses, car limit, and home office deductions. Get expert tax help from the team at Paris Financial.
Tax
On July 1, 2023, notable changes included an increase in the Superannuation guarantee, higher minimum wages, updated work restrictions for visa holders, expanded benefits for small businesses and families, and adjustments to pension and tax reporting requirements.
TaxUncategorized
If you operate a trust, it's important to know exactly what kind of trust it is. This helps you report your trust details correctly when you lodge your tax return.
Tax
The explosion of TikTokers and YouTubers has opened doors for content creators to profit from the audiences they attract. But now the Tax Office has given notice to the booming industry.
Tax
Posting make-up tutorials to social media? Writing for a blog or streaming gaming for others to see? Congratulations, you’re a content creator!
Tax
Don’t let rising indexation on study and training loans catch you or your employees unaware. Earn that ‘World’s greatest boss’ mug by informing and advising your employees of the following key points.
Small BusinessTax
Letters are being sent by the ATO to directors of companies with overdue debts, cautioning that non-payment or lack of communication may lead to a director penalty notice (DPN) being issued.
Tax
Employers report their pay as you go (PAYG) withholding information to the ATO each time they pay their employees using Single Touch Payroll (STP).
