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Archive for category: Tax
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The ‘Airbnb’ Tax
Short stay, big tax: What Airbnb hosts need to know. Property investors using Airbnb-style rentals are about to face a new tax in Victoria, Australia. Learn how this tax will affect your short-term rental income and what similar measures might be on the horizon.
... read more30% tax on super earnings above $3m
Proposed Superannuation Tax Changes: Draft legislation increases tax rate on above $3m super balances. Those impacted should assess their personal impact. Stay tuned for updates.
... read moreWhich PAYG instalment method best suits your needs?
Picking Your PAYG Instalment Method: Explore PAYG instalment methods, from rate-based calculations to fixed amounts, with real-life examples. Optimise your tax management and cash flow.
... read moreDo you know your FBTs?
Let’s talk FBTs, Know the Impact on Employee Perks! Discover which benefits could trigger Fringe Benefits Tax (FBT) and how to navigate it effectively. Stay in control of your business’s financial well-being!
... read moreSalary sacrifice reporting and activity statements
Mastering Salary Sacrifice Reporting. Discover the ins and outs of STP Phase 2’s impact on reporting employee year-to-date amounts. Stay compliant and informed with this essential information for employers!
... read moreUsing business money for private purposes: 2 steps to take
Cracking the Code: Using Business Funds for Personal Use? Navigate the path of using business funds for personal use. Stay compliant and in control of your finances!
... read moreCereal crime: Are you charging GST correctly on food and breakfast products?
Demystifying GST on Breakfast Products: Are You Charging Correctly? Explore the nuances of GST for food items, including those with seeds or nuts. Stay compliant and avoid surprises. Don’t miss it!
... read moreThe case of the taxpayer who was paid too late
Timing can be taxing: A recent case illustrates how the timing of employment income can significantly impact tax liability.
... read more