Australian Smokers Contribute $9.7 billion in tax collected from Tobacco sales.
Australian smokers cost the Taxpayer $16.7 billion, in health and productivity costs, with $8.8 billion directly to the medical aspects of the smoking diseases. Other figures show a total cost nearing $137 … Read the rest
From the 1st July 2020 there is a major change to Capital Gains Tax on some Australians Main Residence property.
It only affects those Australian Property Owners who are overseas, so not everyone should panic when they read some of the … Read the rest
Some people have asked how to claim the Low or Middle Income Tax Offset on their Australian Tax Returns.
The ATO state: You are not required to do anything to claim the low and middle income tax offset. We will … Read the rest
Like many other trading situations, if you operate any form of investing, trading or business, you pay tax on your profits.
A manufacturer, who creates and then sells a product, will pay tax on the profits of that sale, after deducting … Read the rest
The Australian Taxation Office has confirmed that employers across Australia who have been letting their staff use ride-sharing services such as Uber, rather than a licensed taxi, could be liable for big tax bills.
The reason is based on this:
Is it true?
Will Aussie Mums have to pay 90% tax?
It seems it may not be tax after all; this is one part of the story:
Holders of 417 and 462 Working Holiday Visa pay a special rate of tax while working in Australia. It is lower than other temporary visa holders but higher than Australian residents.
The first $37,000 of your … Read the rest
If you’re a Senior Australian, you may be eligible for the seniors and pensioners tax offset (SAPTO).
The SAPTO can reduce the amount of tax you are liable to pay. In some cases, it may reduce your tax liability to … Read the rest
Tax Returns must be lodged by 31st October 2018
If you register to use any tax agent to do your return, they are normally able to stagger the returns later … Read the rest
