taxation

18 Sep, 20

Tax office to punish people engaged in fraudulent activities to save tax

In a recent press release, the taxation office of Australia said that it will punish the people doing super withdrawals to minimize the payable tax. The taxation office said that there is a certain loophole that enables people to avoid the payment of personal income taxes. And the office is about to punish all such […]

16 Jul, 20

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Accounting, Business, Careers, Jobs, Taxation, Training
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The High Demand of Accountancy in Covid-19

During the Covid-19 Pandemic, many youngsters and IT sector employees are suffering from a great job crisis. The deteriorating conditions are forcing the workers to handle the work from home through online connectivity or leaving the job due to the less demand for work. Indeed, the year 2020 has brought some terrible situations, especially for […]

23 Mar, 20

Victorian government to refund payroll tax and establish business support fund in $1.7 billion response to COVID-19

The Victorian government will begin refunding payroll tax payments to small and medium businesses across the state this week as part of its $1.7 billion economic stimulus package in response to the COVID-19 pandemic. Victorian Premier Daniel Andrews and Treasurer Tim Pallas outlined the measures on Saturday in what they said is a stimulus package […]

31 May, 19

Increased and extended Instant asset write – off

You can choose to use the simplified depreciation rules if you have a small business with an aggregated turnover (the total normal income of your business and that of any associated businesses) of less than: $10 million from 1 July 2016 onwards $2 million for previous income years. Under these rules, if you purchased assets from 7.30pm (AEST) on […]

18 Apr, 19

Future income tax cuts for individuals

Changes to the individual tax rates have been proposed as part of a 3 phase package announced in the 2019 federal budget. The proposed changes to the tax rates would commence from 1 July 2022, but also include a proposal to change personal tax offsets for the 2018/19 income year. Phase 1: Increasing personal tax […]

08 Jun, 18

Why you should hire an expert tax agent?

Whether you wish for it or you don’t, the season of tax happens each year meaning that you will soon have to be stressed out facing a jumble of financial forms. While in the same period, you have the option of escaping the tax returns hassles by securing the assistance of an expert tax accountant […]

Tax office to punish people engaged in fraudulent activities to save tax

The High Demand of Accountancy in Covid-19

Victorian government to refund payroll tax and establish business support fund in $1.7 billion response to COVID-19

Increased and extended Instant asset write – off

Future income tax cuts for individuals

Why you should hire an expert tax agent?

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