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 for a company or SMSF, the due date of any income tax payable will vary depending on your original lodgement due date; and... 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 →
Most employers will automate their super payments using their payroll software, such as Xero or QuickBooks. However, if you wish, you can use the Small Business Superannuation Clearing House (SBSCH)... 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 →
Your Notice of Assessment (NoA) is basically a summary of your tax return after it's been lodged. It shows: your taxable income, the amount of tax you need to pay... read more →