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ATO’s 2019 New Year’s resolutions for small businesses

The ATO has released some 2019 New Year’s resolutions for small businesses. So take the opportunity in the beginning of this year to get things organised for this 2019. Keep up with these resolutions to streamline your business to run smoothly: 1) Sort out your record...

6 TOP TAX DEDUCTIONS FOR CLEANING WORKERS

Work in the cleaning industry might not be easy sometimes. Requires physical effort and a lot of responsibility. Even though, you must know that you can have a little award back coming from the deductions in your tax return at tax time. As a cleaning worker, you can...

REPORTING YOUR FOREIGN EMPLOYMENT INCOME

As an Australian resident working overseas you must report all your foreign employment income in your Australian tax return. This include salary, wages, commissions, bonuses and allowances, paid by an overseas or an Australian employer. You must report both assessable...

7 TOP TAX DEDUCTIONS FOR FITNESS INDUSTRY WORKERS

If you work in the fitness industry as a personal trainer, coach or are employed in a gym or sporting organisation, you may be able to claim the following deductible expenses on your tax return. 1)Work Clothing If the uniform of the gym or business you work for...

Beginners guide to GST

This guide will help you to understand what is GST, how it works and what are the implications for your business. What is GST? ‘Goods and Services Tax’ (GST) is a broad-based tax of %10 on most goods, services and other items sold or consumed in Australia. Do I need...