by Davie Mach | May 20, 2021 | BAS, Tax Returns & Financial Statements, Contractor Handbook
Cryptocurrency has undoubtedly experienced explosive growth over the last couple of years – but how does tax on cryptocurrency in Australia work? With governments worldwide cracking down on managing the tax implications of cryptocurrency, you would likely have...
by Davie Mach | May 7, 2021 | Contractor Handbook
Discretionary trusts are widely used for asset protection purposes and tax management. But, by transferring your assets into a discretionary trust, you will no longer own the assets. So, how exactly do discretionary trusts work? What are the advantages and...
by Davie Mach | Mar 17, 2021 | Contractor Handbook
If you’re thinking of buying that brand new Mercedes-Benz S-Class, you’ll need to also think about luxury car tax. You might change your mind when you hear just how heavily luxury cars are taxed in Australia. Either way, it’s good to know what tax consequences you’re...
by Davie Mach | Mar 16, 2021 | Contractor Handbook
Asset protection strategies are arguably as significant as purchasing the assets in the first place. Many Australian’s dream of owning multiple assets such as investment properties and companies, but unfortunately, there is a lack of education around the importance...
by Davie Mach | Feb 17, 2021 | Contractor Handbook, Tax Planning
Did you know that as a teacher or as someone working in education, you’re entitled to various industry-specific, teacher tax deductions? These teacher tax deductions can have a significant benefit on your annual tax return, so it’s worth equipping yourself with the...
by Davie Mach | Jan 28, 2021 | Contractor Handbook, BAS, Tax Returns & Financial Statements
Did you know that as an Uber driver, you’re considered an independent contractor? This means that you’re entirely responsible for fulfilling your own tax obligations each year. The income you earn as an Uber driver is assessable income and must be reported in your...
