The agent nomination process is a new requirement for all entities with an ABN other than sole traders. Under the new process, you need to nominate an agent in Online services for business before the agent can link to your account. This needs to be done when you:
first engage an agent to represent you
[…]
Contractor or Employee? The only way to get to the right answer is to ask the right questions:
Ability to subcontract/delegate: can they pay someone else to do the work?
Basis of payment: are they paid based on an agreed quote they provided?
Equipment, tools and other assets: do they provide their own tools and […]
Whether you rent out part of your home or an entire property, make sure that all of your income is included in your tax return.
Rental-related income includes:
■■ rent payments
■■ booking fees you receive
■■ rental bond money you’re entitled to retain
■■ some insurance payouts
Find out more at ato.gov.au/rentalincome
With the rise of social media in the last decade, comes a new type of career: blogging. Bloggers, or influencer’s as they are commonly known, are people who use social media platforms to promote products or services, using their ‘influence’ and like-ability to persuade the purchasing behaviours of their followers and communities.
For some, this is […]
Keen to lodge your tax return? Only some of your income data will be pre-filled before
August, so be sure to double-check you’re declaring everything you earned in 2018–19!
This can include income from multiple jobs, rental properties, shares, distributions from
managed funds, foreign sources, government payments, and more.
Make sure you have all your relevant information at hand […]
The Australian Government has now passed new law surrounding the Low and Middle Income Tax Offset. This is big news for small and middle income earners, however, there are many incorrect stories being circulated in the news and on the internet. We are here to set the record straight.
First of all, not everyone is entitled […]
With the 2019 financial year weeks away from ending, it is time to start thinking about the dreaded “T” word: TAX.
For many people this can be a confusing and stressful time, the biggest question being: “Should I find a tax accountant, or should I do my tax return myself?”. Whilst it can be tempting to […]
When you’re trying to make a real difference to make our world a better place, the last thing you need is to get confused and stressed about the complexities of tax and legal requirements. However, compliance with tax law and other laws is critical to getting your organisation off the ground, so that you can […]