Every year you are responsible for lodging a tax return. In order to be prepared, make sure that you have all of your tax records in place. Not having the right tax records when it comes to lodge your return could cost you money.
Contractor Vs Employee
Most of us understand the simple distinction between contractors and employees: An employee works in someone else's business - the business controls how, where and when they do their work, pays them a wage and superannuation, leave and other entitlements. A Contractor runs their business, pays the.....
The Australian Defence Force and the Australian Tax System
There are a number of financial benefits available to ADF personnel when they complete their annual personal tax returns. Defence tax As a member of the Australian Airforce, Army or Navy it is likely that you will acquire some expenses over the course of each year relating to .....
Positive vs Negative Gearing
Borrowing money to invest is called 'gearing'. If you have borrowed to invest and your making a loss, you are negatively geared. If you are making a profit you are positively geared. Either way, gearing will still cost you money.