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Are you a high-income earner in Australia? If so, you may need to familiarise yourself with Division 293 tax—a tax that could affect your superannuation contributions. This blog post is designed to break down the complexities of Division 293 tax and explain it in a way that’s easy to understand for beginners.

As a small business owner in Australia, now is the time to consider various strategies to optimise your overall tax position. Here are 20 ways to potentially save on tax before 30 June…

Understanding the difference between concessional and non-concessional contributions is essential for effectively managing your retirement savings. Here’s a simple guide that we have put together to help you grasp these concepts and make informed decisions about your super contributions.

If you’re a sole trader looking to employ someone in Australia, congratulations on taking a step towards growing and scaling up your business! By now you’ll likely already know that as a sole trader, you don’t pay yourself a wage per se, and there is no legal requirement to pay your own super (though this is highly recommended).

If you’re a freelancer, consultant, or independent contractor in Australia, it’s important to understand Personal Services Income (PSI) laws and how these can impact your tax obligations.

Congratulations on taking the leap into property investment in Australia! While owning an investment property can be a rewarding venture, it’s really important to get off on the right foot.

Here’s what you need to do when you first purchase an investment property:

The ATO have recently come out saying that 9/10 tax returns containing a rental schedule are incorrect. Regardless of if this statistic means 9/10 of ALL rental property returns, or,  9/10 of the returns that the ATO have investigated; this is still a pretty large statistic!

Even if you’ve already set the hourly rate for your services, it’s important to be sure that this rate (across the hours that you have available to work ) is actually enough to make a profit. If you’ve been running your business for a number of years and you work long hours, both “on” and “in” your business – determining – and regularly tracking – your hourly rate is actually also a really interesting metric!

This blog post will take you through a few of the recent updates and key points of discussion within Australian tax law at the moment. It is a good idea that taxpayers have at minimum a rough understanding of what is going on within our economy and how the tax laws are currently impacting you as an individual and our society as a whole.