» Tax News & Views
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Tax Tips for SMEsPersonal tax returns can be quite intimidating – so if you’ve recently made the move from only filing a personal return to being responsible for a small business, you might be wondering how much you’ll learn through disaster-control! Fortunately with the help of business tax advisers, you can make it through the financial year with minimum [...]Personal... Read more. |
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LAFHA – Common QuestionsLAFHA – Living Away Form Home Allowance Q: Who can receive LAFHA? A: Anyone who is required by their work to temporarily live away from their usual place of residence may be eligible to receive a tax free ‘Living-Away-From-Home’ allowance. This is with the provision that they intend to return after the cessation of their contract. Examples [...]LAFHA... Read more. |
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Small Business Tax IssuesEasy Tax has compiled some helpful tips to minimise the stress of your small business tax issues. Congratulations! After years of planning and wishful thinking you have finally decided to start your own business. If you are obtaining income from your business and it’s not a hobby, then you need to declare your taxable income. You [...]Easy... Read more. |
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Tax Accountant SydneyPeople often search for “Tax Accountant Sydney” on the web because it can be very hard to find a reputable accountant for your Sydney based business, or for self employment. With so many accountants out there, all claiming to be the best, how can you be sure they can do any better than you?Easy... Read more. |
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5 Small Business Tax TipsEasy Tax has compiled so helpful tips to minimise the stress of running your small business. Leaving your tax responsibilities as an after thought can not only get you in trouble if you do not keep adequate records or pay what is owed, but you may also end up paying far more than you should be.Easy... Read more. |
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Small Businesses Get Their Share Of The Stimulus Package – Investment AllowanceThe Government intends that small business should also benefit from the Economic Stimulus Plan with a Tax Break. If you are in business this means the Investment Allowance is for YOU.The... Read more. |
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The Best Expatriate Tax Advantages in Australia – LAFHAIf you’re moving to Australia as an expat to work, there are a number of very valuable tax opportunities you should be aware of.If... Read more. |
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Tax Tips for TradespeopleWith the end of the 2011 financial year just passed, its time to get everything in order for your tax return...here are just a few tax tips for you to be thinking about... contact us today for more, and start planning for this year.Top Ten... Read more. |
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Property Investing Tax DeductionsIf you have a negatively geared rental property, you can apply to have your weekly or monthly PAYG income tax reduced. This can help you to repay your loans faster as you can apply the reduced tax directly to your loan. It takes a number of weeks for the ATO to approve the variation in your tax and get it in place even if you have already had an application approved in the last financial year. If you wish to do it yourself, go to www.ato.gov.au. Or you can contact Easy Tax, and we can assist you with this for a fee.Property... Read more. |
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ATO & Good record keeping for property investorsSo what documents do you need to store? The answer is all supporting documents that prove the claims in your tax return. If your investment is in real estate, this documentation would include your bank statements, mortgage statements, estate agent’s statements of rental income and expenditure, leases, and copies of all your receipts for costs such as council rates, insurance, repairs, and new equipment. You would even keep a receipt for work done on the garden. In other words, all receipts. In short, if you claim it, you must keep it.Good... Read more. |
