Merry Christmas – Staff Bonuses If you are considering paying your staff a bonus before Christmas keep in mind tax on the bonus will need to be calculated manually. If you allow your software to calculate the tax it won’t be able to differentiate between a bonus and weekly wage, hence the need to calculate
With the banking review performed in March 2018 Lending rules have tightened. As part of this if any of you are considering applying for finance keep the below in mind: Finance applications are not being approved as quickly as they have been historically; Current financial information is required, this means current year tax returns and
We have had a vast amount of enquiries in relation to the new immediate deduction amount of $20,000 that was introduced in the 2015/2016 budget. The 20K small business writeoff generous but you need to keep in mind that you need to meet the set conditions to take advantage of it.
As a taxpayer who has private health, your taxable income affects which threshold you are entitled to. If you under or over claim, your rebate a private health insurance offset may be charged or refunded on lodgement of your tax return.