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Tax-Deductible Expenses for Micro-Entrepreneurs

For tax purposes, micro-entrepreneurs can deduct “ordinary and necessary” expenses incurred on behalf of their business. An ordinary expense is any expense common to a particular type of business. An ordinary [more…]

How to Organize Your Financial Records

Do you have financial records that you don’t know what to do with? Do you have stacks of unopened bills? Do you stress out at tax time trying to find all your required documents? And are you lacking a [more…]

Australian Tax Rates 2015–16

For resident individuals in Australia, tax is levied on worldwide income on a progressive basis, referred to as marginal tax rates. Your marginal tax rates [more…]

Tax Offsets in Australia

When figuring taxes in Australia, you can use tax offsets to reduce your tax payable. You can’t use tax offsets to reduce the Medicare levy liability.

Ordinarily, you can’t have unused tax offsets refunded [more…]

Capital Gains Tax in Australia

In Australia, if you sell things like shares, real estate, works of art, or other assets that you acquired after 19 September 1985, you may be liable to pay [more…]

What Superannuation Means in Australia

Superannuation is a scheme in Australia that helps you fund your retirement. Monies invested can’t be accessed until you satisfy a condition of release, such as when you retire. Some of the Australian [more…]

Common Australian Tax Deductions for Share Investors

If you’re a share investor in Australia, to qualify for a tax deduction with respect to dividend payments, a direct and relevant connection must exist between the expenditure you incur and the dividends [more…]

Common Tax Deductions for Australian Property Owners

If you invest in real estate in Australia, you may be eligible for tax benefits. Here are some examples of the types of expenditure that are tax deductible: [more…]

Tax for Australians For Dummies Cheat Sheet

Everyday Australian tax issues don’t have to be complex and difficult to understand. Coming to grips with core taxation concepts like marginal tax rates, tax offsets, capital gains tax, superannuation [more…]

Tips for Australian Individual Tax Returns and Assessable Income

In Australia, an employee is a person who receives a salary or wage for work performed under a contract wholly, or principally, for labour provided. If you derive a salary or wage under the PAYG withholding [more…]

Tips for Tax-Effective Investments: Australian Tax Considerations

In Australia, if you derive income from investment activities, such as interest, dividends and rent, the amount you receive is ordinarily liable to tax when it is paid or credited to your account. Under [more…]

Taxes and Running a Business in Australia

There are four ways you can structure your Australian business affairs. You can run your business as a sole trader, partnership, company or trust. As there are many legal rules and regulations associated [more…]

Funding Your Retirement in Australia

Superannuation is a scheme to help fund your retirement after employment in Australia. There are different ways you can boost your retirement nest egg with super: [more…]

10 Top Australian Tax Tips for Retirement

The first difference that hits you when you retire in Australia is your regular salary or wage payments cease the moment you step outside the boss’s premises [more…]


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