What is a Tax Offset? A tax offset, in more simpler terms, is a tax rebate. Tax offsets help reduce the tax that you have to pay. Whilst...

If you are earning above $97,000 (as an individual) or $194,000 (as a couple) you may have to pay the Medicare Levy Surcharge unless you have appropriate private hospital cover in place. Just having Private Extra's cover is not enough. The surcharge is calculated at the rate of 1% to 1.5% of your income for Medicare Levy Surcharge purposes and is in addition to the Medicare Levy of 2%, which most Australian taxpayers pay. (This is subject to a few things including income

You don't have to make a profit before you must report cryptocurrency trading on your tax return. In fact, reporting losses can benefit...

Whether you are an employee or a small business owner, if you have incurred a cost that directly relates to the income that you have...

Whether you are a small business paying employee superannuation contributions, or whether you are an employee who has contributed to your...