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Money Doesn’t Come Without Guidance ...

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22
May

HECS - HELP BENEFITS AND EFFECTS ON YOUR TAX RETURN

The HECS-HELP is a Higher Education Loan programme offered to university graduates by Australian Government. This benefit is provided by the Australian Taxation office (ATO) for the graduates on the f...

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22
May

WHAT IS CAPITAL GAINS TAX (CGT)

The difference between the actual price and the disposable price of an asset is stated as capital gains or losses. Capital Gains Tax (CGT) or tax on capital gains – the amount more than the actu...

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22
May

WHAT IS A TAX LOSS? HOW CAN YOU CLAIM TAX LOSSES FROM PREVIOUS YEARS?

A tax loss occurs when an entity’s total expenses are greater than total revenues. Businesses and individuals constantly strive to reduce their reportable revenues or increase their reportable e...

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22
May

WHAT GENERAL THINGS TO CONSIDER WHEN YOU ARE REPORTING YOUR SOLE TRADING OR PARTNERSHIP BUSINESS IN THE TAX RETURN?

While reporting for Sole Trading Business in the tax return The net income an individual receives from carrying on a business needs to be declared in the tax return. As per fact, sole trader declare...

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22
May

WHY DO I NEED TO INCLUDE MY SPOUSE TAX RETURN DETAILS IN MY TAX RETURN?

Individual taxpayers who have spouses will get some tax benefits as per ATO. To get these benefits an individual taxpayer needs to disclose the income information of their partner. According to ATO a ...

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