Information about Individual Tax

Consider this before starting a multi-level or network marketing business

By Romeo Caporaso About Multi-Level Marketing At some point in life, you will have been heard of some multi-level marketing (MLM) or network marketing business opportunity. Although incentives vary between companies, it usually offers the chance to ditch your 9-5, fire your boss, sell products you believe in, establish your own business, make lots of…

Taxes for newly arrived Australians

Taxes for newly arrived Australians Call on on 08 83374460 if you need further assistance.

le tasse per nuovi arrivati Italiani in Australia

Le tasse Australiane spieghate da un commercialista   Le cose simplice di sapere delle tasse Australiane Come funzionano le tasse in Australia Se parti da Australia Contatta Romeo su 08833774460.

Is it worth having a tax agent?

Is it worth paying a Tax Agent or Accountant It is no secret many people do their own tax returns directly with the ATO by paper form which is dying out as the ATO would like everything lodged electronically for lower costs. So you need to download E-tax software from the ATO and lodge on…

Updating Your home insurance

Updating Your Insurance for the New Year! 2016 is here and now is a good time to start updating your home and contents insurance policy. Don’t put this off because you think it will cost you money, it will cost you much more money in the long run if you don’t update your insurance cover,…

is it ATO or Scammer? Look Out

Some of my clients have reported people ringing from supposedly the tax office and it can be a fraud as they request tax payments from you. Here is an excellent publication from the ATO on the various types of scammer out there. It might be worth seeing if any of these example seem similar to…

Lodging your late tax returns doesn’t have to be a drama

Hassle-free Late Tax Returns lodged No problem Tired of the stress of knowing your tax returns are way overdue… Have you been too afraid to take on your overdue tax returns? You are not the only one. We have many clients who have been in this situation. Are you worrying about all the ATO penalties…

Claiming car expenses

What you can claim Did you know you may be able to claim the cost of your car when travelling when: You travel between two separate workplaces – like having two jobs or between two branches from your normal workplace to an alternative workplace (for example, a client’s premises) while still on duty, and back…

Most common mistakes for personal tax

Did you know what the most common mistakes on individual tax returns are Surprise surprise – it is omitting income. So if you are not yet aware the ATO can easily detect you omitting income such as payment summaries, interest, dividends, centrelink payments and even capital gains all via your TFN being attached to records…

What Can I Claim

No one should miss out on claiming their deductions Your tax agent can assist you claim deductions which stop you paying your marginal tax rate on the amount you spend on the deductions. It is always important to help your accountant do the best job for you by keeping your receipts and collaborating with them to…

Claiming Car Costs Related to Work

In some circumstances you may be able to reduce your tax by utilizing a deduction for work related travel using your car. The most common methods are the Cents per km method Log book method The first is probably the most simplest as it requires you to keep less receipts and invoices. In some circumstances…

Reducing Your Medicare Levy

Reducing Your Medicare Levy In some circumstances you may be able to reduce your Medicare Levy and hence pay less tax. Certain examples which you may need to consider include: • where you have a low family income which may which may entitle you to a Medicare levy reduction • some certain medical conditions e.g.…