I've sometimes thought that perhaps Australia needs to make a few things right with our trans-Tasman cousins. I'm sorry about the underarm incident. It's embarrassing to think that we'd resort to cheating like that. Sorry that our recent cricketers show such embarrassing sportsmanship (and I originally wrote that part pre-sandpaper)…
Are you an ANZ employee (or former employee) who has participated in an Employee Share Plan? You've come to the right place. We can assist you with working out the tax implications for all ANZ share plans including: ANZ Employee Share Offer (Previously known as $1000 Share Plan) (ESAP) ANZ…
Over the last few years, Beyond Accountancy has helped a lot of people get their tax affairs in order. This experience has taught us a lot, not only about how the ATO deals with late tax lodgments but how it makes people feel. Generally, the feeling is one of stress…
We refer to visas and the current rules for temporary migrants, but we emphasise that we are not government officials or migration agents and you should confirm the details of this article with the relevant authority before cancelling or changing insurance. The author owns shares in a health insurer. Health…
If you lodge a tax return and you owe tax, you may be asked to pay ATO PAYG instalments. ATO PAYG instalments are down-payments towards your estimated future tax. Who has to pay ATO PAYG instalments? You have to pay ATO PAYG instalments if: You have repeating income e.g. rent,…
The question of whether study expenses are tax-deductible can be a complex one. Claiming a deduction under the “self-education” section of your tax return involves fitting into strict criteria and deduction thresholds apply. ATO self-education deduction rules The following summary is from the ATO website: Self-education expenses You can claim…
The 50% CGT discount no longer applies to foreign residents who make a capital gain on taxable Australian property. This change became law on 29 June 2013. Foreign or temporary resident individuals must meet certain eligibility conditions to apply the CGT discount. From 8 May 2012, the application of the…
If you have private health insurance, you may be eligible for the Private Health Insurance Rebate. The rebate is means tested against your single or family income (i.e. if you have a partner, the family income test applies to your combined income). Incomes and rebate percentages are summarised below: Single…
By Jarrod Rogers CPA This article should not be read as personal advice and does not apply to every situation. Should you need advice specific to your circumstances (employer or work) we invite you to become a client. Do you have an ABN? Tens of thousands of people do and…
ATO email scams - How to stay safe Spam email is a fact of life, and there are many financial scams around. But it seems that ATO scams are on the increase. I've received scam emails myself, and I've been getting more questions from clients about ATO email fraud. …