“She works hard for the money,” Donna Summer once said. Her song still resonates for most adults now. Although we do not want to share something that we worked hard for, we have to give some to the government. It is how things work and that is where tax minimisation strategies come into play. Everyone […]
4 Crucial Tax Minimisation Strategies for High Income Earners Read More »
Are you running a small business? If so, you may be wondering if you can handle taxes all by yourself or if there are already enough reasons to hire accountants to assist you with taxes. With the new myTax system provided by the government, DIY taxes is seemingly something that you should be partaking in.
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Amidst the Omicron COVID-19 wave and with our government shortening booster dose intervals, many businesses are encouraging their employees and customers to either get vaccinated or get their booster dose by offering rewards or incentives. It is important to consider that there may be some tax implications such as consequences involved. If your business provides
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Tax season may be a particularly stressful time for everyone, especially business owners. It makes sense to want to pay as little in taxes as possible, to retain as much money in your pocket as you can. One way to do this is by minimising your income for tax returns. While this may seem like
Minimising Your Income: Reasons Why You Should Avoid It Read More »
Many taxpayers in Australia often commit mistakes when filing their own tax returns. Even if various tax software is being made available, if you have never had a tax agent before or never filed your tax return on your own, you may be more likely to turn in a form with plenty of errors that
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It’s safe to say that individuals get disheartened and stressed out when dealing with taxes, but that shouldn’t be the case at all with proper tax planning. With the vast changes in our economy, there’s no doubt that taxes have become even more complex and have affected our personal finances, businesses, investments, retirement funds, and
How Tax Planning Reduce the Taxes of High Income Earners in Australia Read More »
The term accountant tends to make certain people uncomfortable because it brings on thoughts of tough math equations, plenty of complex paperwork and more. On the other hand, there are people who take the chance to ask any accountant they meet regarding taxes. In truth, accountants are different from tax agents; those two vary as
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Payroll Tax: Are You Paying Your Employees Properly? The human resources department is the cornerstone of any business operation, as the success of your enterprise cannot be achieved without a competent workforce. While technology and automation can improve efficiency, there are still many tasks that require human intervention. One such task is the handling
Payroll Tax: Are You Paying Your Employees Properly? Read More »
A great way for businesses to run more effectively is through proper guidance. Recommendations and solutions that can best help in this regard are usually best acquired from tax accountants. In this way, a business can rest assured that it’s getting professional, expert advice. The Role of Tax Accountants Tax accountants typically hold at least a
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As an adult, paying taxes is a responsibility that comes with having an income. No matter what, you will have to part with some of your earnings to the government. However, there are ways to reduce the burden of taxes by paying less tax in Australia. This can be achieved by being proactive in reducing
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