Here are two words everyone loves to hear: tax cuts. Paying less tax (and having more of your hard-earned money stay in your pocket) is always a reason to celebrate, and the low and middle income earner tax offsets will help you do just that. All you need to do to qualify is to earn under…
Unfortunately not everyone does the right thing when it comes to their tax returns. Sometimes it’s an honest mistake and sometimes it’s more deliberate – either way it’s everyone who loses out. The Australian tax system has been carefully designed to be fair to everyone, so it’s important that we all pay the correct…
We’ve made it easy to make sure you don’t miss out on any deductions this tax time. Just use our handy tax checklist to prepare for your appointment with us.
Dear Friends CGH Accounting has enjoyed a wonderful year and Jason & I would like to take this opportunity to thank you all for your continued support. Word of mouth still accounts for 95% of our business growth and we are as always very grateful for the continued patronage. Tax time is upon us again…
How do tax deductions work? When submitting a tax return you are entitled to claim deductions for expenses incurred while working – known as work related deductions. To be able to claim work related deductions you must meet the following criteria: • you must have record to prove it • you must have spent the…
It’s common in certain trades for people to be taken on as independent contractors rather than employees. Independent contractors are in theory treated as small businesses, with all the tax implications covered elsewhere in this chapter, the most significant of which are a potential obligation to register and account for GST and to account for…
There’s no doubt that the explosive growth of Bitcoin and other similar crypto-currencies has been the financial fad of 2018 so far. With explosive growth in recent months (and periodic crashes), it’s been possible to make (and lose) substantial sums of money over startlingly short time periods and many inexperienced investors (or should we call…
Dear Friends CGH Accounting has enjoyed a wonderful year and Jason & I would like to take this opportunity to thank you all for your continued support. Word of mouth accounts for 95% of our business growth and we are as always very grateful for the continued patronage. Tax time is upon us again and…
How do tax deductions work? When submitting a tax return you are entitled to claim deductions for expenses incurred while working – known as work related deductions. To be able to claim work related deductions you must meet the following criteria: • you must have record to prove it • you must have spent the…
If you’re starting a small business, here’s what you need to do for tax So, you’re setting up a new business and you need to know the tax implications. The first question you’ll need to consider is what structure to use. Do you form a company, or maybe a trust or do you simply set…