Article category: Tax

Having an updated social media profile with your personal and career updates has got a lot more to do beyond the likes and shares you receive. Confused? What if we told you a single social media post about your recent purchases, vacation, or monetary achievement can trigger a tax audit and inspection by the Australian…

Why Choose Fixed-Price Bookkeeping and Tax Services? Managing finances effectively is crucial for small business owners, yet unpredictable costs can create unnecessary stress. This is where capped-price bookkeeping and tax services make a difference. What Are the Advantages of Predictable Costs and Comprehensive Financial Management for Small Business Owners? Conclusion These advantages provide small business…

The tax-free threshold is a key feature of Australia’s tax system that allows individuals to earn a certain amount of income before they are required to pay income tax. Understanding how this threshold works and how to claim it can help you make the most of your tax situation. What Is the Tax-Free Threshold in…

When do you need to lodge a tax return? If you are an Australian resident for tax purposes, you are required to lodge a tax return with the Australian Taxation Office (ATO) every financial year. This is true whether you have earned income from your job, investments or rental properties, or even if you have…

Calculating your tax return in Australia can be a complex process, but it is essential to ensure that you are paying the right amount of tax and maximising your tax refund. In this article, we will guide you through the process of how to calculate your tax return step-by-step. 1. Gather Your Documents Before you…

Is your business planning to purchase new equipment or have some on order? The government's instant asset write-off program could be your ticket to significant savings! This program is ending soon, so it’s imperative to make timely, strategic decisions. In this blog post, our expert team at Accountants Direct will guide you on making the…