Everything you need to know about the low-middle income tax offset.

The Coalition’s $158 billion tax package has passed in Parliament today, with a boost of $1,080 that will be delivered as a tax refund when individuals lodge their personal income tax returns. You do not need to wait to lodge to receive this tax benefit, as the ATO will automatically amend any tax returns that […]

The Basics of GST

The Basics of GST for ABN Registered Australian Businesses Answered What is GST? How to register for GST? What is a BAS? What are the options to record GST? How is GST calculated? What are the due dates for BAS? When GST is due for payment?   What is GST? Goods and Services Tax also […]

8 Things Students can Claim….

Tax is a funny beast. This means students can claim expenses that are incurred whilst working in a career related to the field of study. If you have any doubts, get in touch with us to ensure you are confident in making one of the claims below. Here are eight things you can claim: 1. […]

Tax Tips for Real Estate Agents

 What can Real Estate Agents Claim For? Being a real estate agent means long hours, loads of travel and having to deal with indecisive buyers and slow acting sellers. It’s great when things are going well, but it can also be the most frustrating career ever – sometimes all in the same week. Here are […]

Tax Tips for Part Time Workers

What can Part-Time Workers Claim For? Travel Home Office Clothing Equipment Stationary   The popularity of part-time work is skyrocketing. Businesses are learning that it’s often easier and more cost-effective to hire highly capable people who can complete tasks effectively within in a shorter period then is to hire full-time staff. Part-time workers are reaping […]

Tax Tips for Office Workers

What can Office Workers Claim For? Travel Equipment Professional Fees Subscriptions Charity Donations Administration and office support staff never get any of the glory. There aren’t any conferences to celebrate the accuracy of paperwork or the correct filing of documentation. Awards always go to those glory hogs in sales and those well-preened marketers…whose job makes […]

Tax Tips for Tradies

What can Tradies Claim For? Tools and equipment Repairs Training and Upskilling Sunglasses and Sunscreen Safety Equipment Union Fees Being a tradie in Australia is hard…we assume. As accountants, POP only leave the air-conditioned comfort of our office to buy snacks or return to our darkened homes. But all that sunlight, heavy lifting and measuring […]

Tax Tips for Retail Workers

What can Retail Workers Claim For? Work-Related Technology Vehicle Expenses Stationary Books and Magazines Equipment and Safety Clothing Cleaning Working in retail is the very best and worst of jobs. You get days off during the week and when it’s busy, the days fly by. Also, you get invited to product knowledge sessions (with booze), […]

Tax Tips for Freelancers

Put money aside for unexpected expenses Claim for your home office Act like a business Take pictures of your receipts If you’re a freelancer, then you have enough to worry about without adding tax obligations to the list. But as any sole trader or freelance professional will tell you, if you don’t think about tax […]

Accounting for Start-up Businesses

Start-up Businesses As a small business owner, you are responsible for everything. From finding new clients to dealing with enquiries and ensuring your product or service is the best on the market, the buck stops with you. So, entrepreneurs and small business owners tend to outsource their accounting, usually to a local accounting firm. The […]