Content What is Stage3 Tax Cuts Summary of proposed changes Tax cut calculator Claiming a deduction for travel expense Beginning on July 1st, most Australian taxpayers will see reductions in their tax obligations thanks to the stage 3 tax cuts. By lowering marginal rates of income tax, particularly for middle-income earners, these tax changes aim […]
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The key reason is that under Australian tax law, normal trips between home and your regular place of work are considered private commuting travel expense rather than work-related travel. In this article, I will introduce the right way to claim a deduction for transport expenses in tax return. Content Claiming a deduction for transport expenses […]
As a tax agency that has been in operation for over ten years, we handle a large volume of tax return cases every year. We have seen a lot of common mistakes made by younger taxpayers, for example, international students incorrectly claiming for self-education deduction. Content Requirements of self-education deduction A Requirement Behind the Rules […]
Start Tax Return Now! TAX SEASON COMES If you have forgotten your Australian Business Number (ABN), you can try the following steps to retrieve it: Remember, it’s important to keep your ABN secure and only share it with authorized parties or when required for legitimate business purposes.
https://www.tax123.com.au/wp-content/uploads/2023/10/003.jpg600900adminhttps://www.tax123.com.au/wp-content/uploads/2023/07/logo.svgadmin2023-10-05 02:39:562023-11-07 23:31:46I have forgette my ABN, how can I find it?
If you run a business activity yourself in Australia, you need an ABN(Australian Business Number) and pay your tax in sole trader tax return during tax session. Content What is ABN Registering an ABN Sole Trader Tax Return How to Start a Sole Trader Tax Return What is ABN? ABN stands for Australian Business Number. […]
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Start Tax Return Now! TAX SEASON COMES Businesses in Australia may encounter various business tax problems that can affect their financial standing, legal compliance, and reputation. There are some common tax problems that businesses may face, such as failure to meet tax obligations, tax disputes, incorrect reporting, non-compliance with tax laws and so on. Failure […]
https://www.tax123.com.au/wp-content/uploads/2023/08/thumb-10.jpg600900adminhttps://www.tax123.com.au/wp-content/uploads/2023/07/logo.svgadmin2023-08-05 03:06:442023-11-07 23:40:55What tax problems a business will meet in Australia?