Are you declaring your Cryptocurrency trades?Continue reading
Are you prepared for when your staff want to take leave?Continue reading
Do you use Authenticators as part of your job? And how do you transfer them to a new phone?Continue reading
WHERE IS MY $1,080 REFUND?
With the Australian media reporting “workers could expect up to $1,080 extra in their wallets from their tax return”, it is understandable that mass confusion has spread. The $1,080 is not a refund, it is a tax offset. If you are an Australian resident and pay tax, you are eligible for both the Low income tax offset and Low-and-middle-income tax offset, depending on the level of your taxable income.
WHAT IS A TAX OFFSET?
A tax offset directly reduces the amount of tax payable. Unlike a tax deduction, which reduces your taxable income upon which the tax payable is calculated.
From 1 October 2021, SuperStream will become mandatory for all self-managed super funds to rollover super to or from their funds.Continue reading