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...
by Davie Mach | Dec 29, 2020 | Small Business Handbook, Business Structure
The different types of trusts in Australia are widely used as a preferred business structure when it comes to investments, managing the financial affairs for families as well as business purposes. But did you know that there are a handful of different types of trusts...
by Davie Mach | Dec 22, 2020 | Contractor Handbook, Tax Planning
Although paying tax is inevitable, most people want to determine how to reduce taxable income. Did you know that through effective tax planning you could pay less tax and walk away with more money in your pocket each financial year? But what does effective tax...
by Davie Mach | Dec 18, 2020 | Contractor Handbook, Tax Planning
Knowing about your sole trader tax deductions will undoubtedly boost your tax return each year. Many of the costs that you incur from running your sole trader business can be claimed as a tax deduction. Yet, many sole traders miss out on expense claims because they...
by Davie Mach | Nov 1, 2020 | Contractor Handbook, Business Structure, Tax Planning
Following the Review of Business Taxation report in 1999, various recommendations were made due to growing concerns that individuals were sidestepping the tax implications of personal services income through the use of interjectory companies. contract As a result,...
