How to declare minor children’s income
This depends on who the Australian Taxation Office considers the owner of the income
Tax and your child’s money: what parents need to know including TFNs
As a parent or guardian, it’s essential to understand how tax applies to your child’s money.
Small businesses remain optimistic despite high stress, report reveals
Despite one in four (25 per cent) small businesses reporting use of personal savings to stay afloat, close to one in two (45 per cent) of these businesses anticipate that customer demand will improve over the next year, research has shown.
There’s $18.9 billion in lost and unclaimed super – some may belong to you
If you can’t account for the amount of super you feel you have earned during your work-life then it could be in this huge amount.
Right to Disconnect
From August 26 2024, Australian workers have a legal right to disconnect from the workplace outside of working hours.
Airplane Fuel Consumption Per Minute
Check out the fuel consumption per minute of different airplanes — from small propeller planes to giant airliners and powerful fighter jets.
Franchising and Leasing: Legal Issues to Consider When Securing a Location
Franchise and lease agreements often conflict, so review both together, decide early whether the franchisor or franchisee should hold the lease and do thorough due diligence, including franchisor approval and checking use and assignment clauses.
Accrued leave: take a holiday or take the payment?
If retirement is on the horizon and you have a large amount of accrued leave, you may well be contemplating whether to take a big holiday now, or just take the lump sum payment when you retire. There are some tax, super and possibly social security implications you should consider.
Working out your Work From Home (WFH) expenses – 2025 Rules
To be eligible to claim working from WFH expenses, you need to be genuinely working from home to fulfil your employment duties, not just checking emails or taking occasional calls.
Div 296 must be considered ‘holistically’, IPA says
As heated debates over the proposed Division 296 tax continue to be drawn out, the IPA has called on the government to “reconsider problematic areas”.