What is crowdfunding and what are the income tax consequences?
Crowdfunding is the practice of using internet platforms, benefit events or mail order subscriptions to drive investment for a project, caus
What can I claim if I rent a rental property to family?
It is fairly common knowledge that the rent you receive from a rental property is included in your tax return as income, and expenses direct
Is there a standard deduction for car expenses?
The quick answer to this question is: no.
Many tax payers use a car as a part of producing income. By the logic of the Income Tax Assessmen
What does ATO Data Checking mean for your income tax return?
Many see their income tax return as a necessary evil and attempt to play the system to their benefit.
It is important to recognise that your
What is the ASIC Annual Review?
Not everyone is good at remembering birthdays. On the anniversary of your company registration, it may seem like ASIC will give your company
What do I do if a supplier charges GST while not registered?
There are many thousands of businesses who are registered for GST, and charge GST for their goods and services in Australia. So seeing a GST
Taxable payments annual report for Building and construction
Every business that operates in the Building and Construction industry and makes payments to contractors are required to complete and lodge
What the TPAR means for you if you're a cleaner or courier?
The ATO has extended the group of businesses which must prepare and lodge the ‘Taxable Payments Annual Report’ to include businesses which o
Are contractors entitled to Superannuation?
Understanding your obligations when it comes to superannuation is an essential part of running a business.In most industries, the answer to
Is my business a small business entity?
Small businesses face different challenges and adverse market conditions to large scale corporations and entities.
