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Money Doesn’t Come Without Guidance ...

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23
May

HOW DO YOU WORK OUT THE TAXATION FOR TERMINATION PAYMENTS?

When your job has been terminated by your employer, they have to give you a redundancy payment. The amount is calculated by your employer depending on your employment condition. It can include- the pa...

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23
May

EXPLAIN GDP ADJUSTED PAYG AND GST INSTALMENT AMOUNTS AND WHY ARE THEY ADJUSTED?

ATO calculates the PAYG and GST instalment amounts that, as an eligible taxpayer you have to pay and these amounts are printed on your quarterly activity statement or instalment notice. These instalm...

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23
May

WHAT HAPPENS WHEN YOU HAVE A “TAX PAYABLE” OR “TAX REFUNDABLE”

At the end of the financial year tax is calculated, when all the income is calculated and all the deductions are made. When the amount of tax withholdings is less than the tax calculated then we have ...

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23
May

COMMON TAX DEDUCTIONS FOR RETAIL INDUSTRY WORKERS

If you are working in the retail industry, then you have the opportunity to get tax deductions from your assessable income. There are a number of tax deductions available for you. The main thing to kn...

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23
May

COMMON TAX DEDUCTIONS FOR RESTAURANTS AND FAST-FOOD CHAIN WORKERS

Working in a restaurant or in a fast-food chain could be a good source of earning but it may cause you some personal expenses. However, in Australia you can claim some of the deductible expenses on yo...

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