How Do Tax Deductions Work Australia
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What Can I Claim on Tax in Australia?

ByDavie Mach

Are you wondering what expenses you can claim as tax deductions in Australia? Understanding how to claim tax deductions for work-related expenses can help you reduce your taxable income and potentially get a bigger tax refund. This comprehensive guide will cover everything you need to know about claiming deductions on your Australian tax return. How…

Negative Gearing in Australia
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The Only Guide You’ll Need On Negative Gearing

ByDavie Mach

So you’ve heard all the hype about negative gearing in Australia and want to know what it’s all about? Or maybe you’re buying a property and trying to decide if negative or positive gearing is for you. This article will explain what it is and who it’s for, share some tips, and debunk some myths…

Stage 3 Tax Cuts in Australia: How Much Will You Get Back?
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Stage 3 Tax Cuts in Australia: How Much Will You Get Back?

ByDavie Mach

The government has confirmed that the Stage 3 tax cuts are in place for most Australian workers as of 1 July 2024. These tax cuts were announced as part of the federal budget and aimed to provide financial relief to Australian workers.  This article explains the Stage 3 tax cuts, how they affect employees at…

Tax Minimisation - Reduce Your BAS
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How to Reduce BAS Payments for Your Business

ByDavie Mach

As a business owner or manager in Australia, one of the most crucial responsibilities you’ll encounter is managing your Business Activity Statement (BAS). Having an Australian business number (ABN) is essential for registering for GST and receiving a BAS automatically when it’s time to lodge. These regular tax obligations are fundamental to running a compliant…

Tax Deduction for Buying A Car For Business
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Buying a Car for Business – Tax Write-Off (Australia 2023)

ByDavie Mach

As a savvy business owner or entrepreneur, you’re always looking for ways to reduce your tax burden and increase your bottom line.  One such opportunity lies in the realm of business tax write-offs.  Unfortunately, most of the time, business owners don’t fully understand what they can and can’t claim. And simply buying a car through…

Must-Know Details About the Superannuation Guarantee Contribution
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Must-Know Details About the Superannuation Guarantee Contribution

ByDavie Mach

As a business owner, you have a lot of responsibilities. Not only do you need to worry about tax obligations and payroll, but you also have to stay on top of financial reporting. Although it can be a lot to keep track of, it’s important to make sure that your business is compliant with all…

accountant for doctors
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How To Choose The Best Accountant for Doctors

ByDavie Mach

Medical professionals constantly juggle their day-to-day practice with the business side of things.  But let’s face it, as a doctor, you’ve got your hands full with patient care, so management and financial planning tends to take a backseat.  While a doctor’s primary goal is to focus on providing health services to their clients, they mustn’t…

tax compliance
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What is Company Tax Compliance? The Essential Guide

BySean Yee

Running a business is not always easy. One of the most important aspects for businesses, especially those who are just starting out, is to ensure they are compliant with company tax laws in the Australian tax system.  There’s no point in working hard to build your company if you’re going to get fined or penalised…

tax losses carried forward
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How Tax Losses Carried Forward Can Help You Minimise Tax

BySean Yee

It’s not uncommon for business owners to experience losses in their business operations. From a tax perspective, however, this isn’t always a bad thing. The good news is that there are several ways Australian business owners can minimise tax and still keep their companies profitable.  One way is by carrying forward tax loss – which…

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