How Business Tax Accountants Help Avoid Fines
Running a business in Sydney means juggling a dozen moving parts at once. Staying on top of tax rules is one of them, and it is easy to slip up. The deadlines come quickly, the forms are not always clear, and small errors can lead to penalties. Some of these fines grow over time, making […]
Things Locals Worry About During Tax Time
There is something about tax time that gets everyone in Sydney a bit on edge. Maybe it is the mix of deadlines, searching through drawers for receipts, or the pressure of doing everything spot on. A tax return in Sydney does not sort itself out. It is something we all need to handle with care, […]
Tax Planning for Individuals
Marginal Tax rates What type of year is this? Is this a small year, a normal year or a big year? Small Year Normal Year Big Year Do you have a spouse? Types of Income Employment Income – can’t be changed Interest/Dividend Income Managed Fund Income Sole Trader/Business […]
Tax Planning for Businesses
How long have you been in business? Firstly, if you have just started business (or have been in business less than 5 years) – you probably want to focus on making the business look as “good” as possible. What type of year do you want? It depends on the type of year that
Soverign Citizens not paying tax is Illegal & the ATO process of Amending your tax return – Oxby and Commissioner of Taxation (Taxation) [2022] AATA 3239
“The Government may not actually constitutionally have the right to make laws – so tax may be illegal.” I’ve had a few conversations with clients or others that have heard of this concept or say their friend is doing it. If you are chatting with a mate who is suggesting this – just mention the […]
Taxable Payments Annual Report (TPAR) for 2021
The taxable payments annual report (TPAR) reports to the ATO information about payments made to contractors for certain services. TPAR for the building and construction industry has been in place for some years. In recent years, cleaning services, courier services and some government entities have been added to the system. Last year, taxable payments reporting […]