Positive vs Negative Gearing

Are You Getting a Tax Payable Due to Your Student HELP Debt?

Are You Getting a Tax Payable Due to Your Student HELP Debt?

Having a HELP Debt can cause unexpected impacts on your tax returns.  The ATO has recently lowered the repayment threshold for all study and training loans. From the 2019/20 year compulsory payments begin if you repayment income is $45,881 or more. From 1 July 2019, all study and training loans .....

GETTING SET UP AS A SOLE TRADER

GETTING SET UP AS A SOLE TRADER

Are you thinking about becoming self employed?  There is some important information you need know about becoming a Sole Trader. You will need to get an Australian Business Number (ABN)  Having an ABN ensures no withheld payments when you issue an invoice.  Without quoting an A.....

Why you need to get Accounting Software

Why you need to get Accounting Software

Tax season will soon be on our doorstep and as a small business owner, you are probably dreading the throught of preparing your taxes.  Preparing a tax return isn't as simple as filling out a form.  A startling number of small business owners try to take care of their own taxes in order to save mo.....

Goods and Service Tax (GST) Explained

Goods and Service Tax (GST) Explained

GST is not a cost.  Goods and service tax, often known as GST, is a tax of 10% on most goods and services sold or consumed in Australia.  At some point in time it's highly likely that your business will be affected by the tax. The law says that you don't need to register for GST until you turnove.....

Explaining the JobKeeper Payment

Explaining the JobKeeper Payment

If your buiness has been significatly impacted by the Coronavirus you will be able to access the JobKeeper subsidy to continue paying your employees.  You will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020 for a maximum of six months. Businesses with.....

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