I have been noticing the recent trend in many workers finding less and less job security, so I have been inspired to share some ways to make money. As…
How to repay your HELP debt voluntarily
Some of you, may be aware of, or have, HELP, Higher Education Program Debt to fund your tertiary education studies. When you have such assistance via this loan, the amount…
Times are tough finances ideas
Times are tough finances ideas – Ways to save explained. Ever wondered what more you can do to combat the ever increasing cost of living? With the ever increasing cost…
Pay as you go Tax Instalments explained
Pay as you go Tax Instalments explained Listen to our quick lesson on pay as you go tax instalments including how they work and how the ATO automates them in…
Keeping aside enough tax in first year of business tip
Keeping aside enough tax in first year of business tip When you are new to business it is vital you keep some of your profits aside to pay one of…
HELP debt and tax explained
HELP debt and tax explained How HELP debt is repaid at the tax return is often misunderstood. We explain how it works in this short video.
Avoid this mistake when commencing a new employment
Avoid this mistake when you are an employee commencing a new employment role In my experience, I have seen two mistakes which can be made in completing your tax file…
taxable income and adjusted taxable income difference
Taxable income and adjusted taxable income differences, explained. There is a common confusion over the difference between adjusted taxable income (used for non tax calculations such as government payments, family…
Low and Middle Income Tax offset not available in tax return 2023
Low and middle-income tax offset (LMITO) LMITO ended on 30 June 2022. The last year you can receive it is the 2021–22 income year. LMITO is not available for the 2022–23 income year and…
Employees Working from home deduction changes for 2022–23
Employees Working from home deduction changes for 2022–23 The record keeping requirements and methods for calculating working from home deductions has changed for the 2022–23 income year onwards. The shortcut…
how to better claim common tax deductions
how to better claim common tax deductions This tax season is going great so far. The ATO are seemingly quiet and are processing some tax returns as quickly as…
ATO tax 2022 focus
ATO tax 2022 focus Tax return time: ATO priority areas The ATO’s 2021-22 tax time focus areas for individuals are: record-keeping – ensuring that proper records are available and data-matching to…