Blog

Money Doesn’t Come Without Guidance ...

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23
May

COMMON TAX DEDUCTIONS FOR TAXI DRIVERS

As a taxi driver, if you set your own hours and no one supervises how you do your job, then you will be considered as self-employed. Even if you rent your cab from a rental company and use a dispatche...

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23
May

HOW DO I AMEND MY TAX RETURN OR FIX A MISTAKE?

After providing all the information to Australian Taxation Office (ATO) regarding your tax return statement, you realise that you have left out some information or made a mistake, then you can immedia...

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23
May

PAYG INSTALMENTS AND WHO NEEDS TO PAY PAYG INSTALMENT

PAYG Instalments The Pay as You Go (PAYG) instalment system is a program of pre-paying tax instalments towards your expected tax liability on your business and investment income. It is the ATO’s w...

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23
May

PERSONAL SERVICE INCOME

When an individual receives income that is mainly a reward for his/her personal efforts or skills, they may fall within the Personal Service Income (PSI) rules. To be excused from the rules, the busin...

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23
May

TAX ON GOVERNMENT ASSISTANCE, ALLOWANCES AND PAYMEN

As an individual taxpayer if you received any government assistance, allowances and payments you are entitled to a beneficiary tax offset. So if you are getting one or more number of allowances, benef...

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