There are a range of study and training support loans that fall under the category of STSL including: HELP - The Higher Education Loan Program (HELP) can assist eligible students... read more →
If you are lodging a tax return as an individual or trust, the due date of any income tax payable will vary depending on: the original due date of your... read more →
Lifetime Health Cover (LHC) is a government initiative that encourages you to purchase and maintain private patient hospital cover earlier in life. If you have not taken out and maintained... read more →
You may have to pay the Medicare levy surcharge if: you, your spouse and your dependent children do not have an appropriate level of private patient hospital cover; and you... read more →
The Medicare Levy is an amount you pay in addition to the tax you pay on your taxable income. The current rate is 2% of your total taxable income. Generally,... read more →
If you've received a notice from the ATO that you are now registered for PAYG Instalments, you might be wondering what that means. Firstly, it's good to note that PAYG... read more →
The main difference between these two types of accounting is the timing of when we recognise the income and expenses. Cash Accounting Reporting on a cash basis is like looking... read more →
PAYG Withholding for Employees If you are an employee, your employer is required to deduct tax from your gross pay and pay this to the ATO on your behalf. This... read more →
STSL debts are interest free loans. So unlike credit cards or other loans you don’t get charged interest on the balance every month. However, the total amount of your STSL... read more →
Once you reach a certain income level, you are required to start making repayments towards your STSL debts. Each year, the ATO will publish the updated income thresholds as well... read more →