A refresher on Medicare levy and Medicare levy surcharge.
The Medicare levy’s a compulsory charge of 2% on taxable income, which helps fund Australia’s public healthcare system.
Payday Super part 1: understanding the new law
Passage of the Payday Super reforms by parliament this week has cleared the way for employee superannuation to be paid by employers more frequently. In the first of a two-part series, this article explains the myriad elements of the new law.
ATO’s holiday home owner tax changes spur taxpayers to be ‘wary and proactive’
Following on from the Tax Office’s move to refresh its approach to rental property tax deductions, tax advisers are warning holiday home owners to be wary of the coming changes.
Choose the right business structure step-by-step guide
Take out the guesswork out of choosing the right structure for your business
Restructuring Family Businesses: From Partnership to Limited Company
Family businesses form the backbone of the Australian economy, with many starting as simple partnerships before evolving into more complex structures
Net cash flow tax: What is it and what will it mean for SMEs?
As differing opinions circulate at the top end of town about the potential impacts of a net cash flow tax, its effect on SMEs could add to their daily struggle in the current regulatory environment.
How Many Countries Divided From The Largest Empire throughout history
Check out the countries that have been born from some of the largest empires in history.
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.