Working Holidays Makers – Changes to tax arrangements
Currently, a working holiday maker can be treated as a resident for tax purposes if they satisfy the tax residency rules, typically that they are in Australia for more than six months.
HECS HELP Reduction
Fed up with paying HECS? You could reduce your HECS without paying anything! If you are a graduate working in some occupations or areas you may be eligible for a reduction in your HECS/HELP debt.
Make the most of your rental deductions
Did you know that, if you own a rental property, you may be able to claim a deduction for part of the construction cost each year for 40 years?
Centrelink Payments
Your Centrelink payments form part of your income for tax purposes even if you did not have any tax withheld from your pension or allowance.
Do I have to lodge a tax return?
Did you know you may have to lodge a tax return even if your taxable income is below the tax-free threshold of $18,200?
Buying a Block?
If you buy a block of land with the intention of building a rental property on it, you can claim tax deductions for expenses associated with owning the land, including interest on your loan and council rates.
Are You Ready For Superstream?
The Australian Taxation Office (ATO) is reminding all employers that the window for complying with the new SuperStream system is closing fast.
Don't let a return slip through the net!
Often people forget they have not lodged a tax return for a particular year but, just like finding ‘lost’ Super, you may find you have ‘lost’ tax refunds.