If you don’t hold private hospital cover – or are thinking about dropping it – make sure you understand the financial consequences. You could be hit with an extra tax surcharge of up to 1.5% or cost yourself extra premiums in future. Don’t get stung! Read our guide to help you make an informed decision […]
More people are working from home than ever before. Employees who work from home may be able to deduct some of the expenses they incur in running a home office or for phone and internet usage. The key to claiming these deductions is to understand when expenses are deductible and what taxpayers must do to […]
Tax residency is a complex area where the decision is made based on individual circumstances. As the world becomes more global and interconnected, there seem to be more cases where people who have considered themselves not to be Australian residents anymore have been caught up in the net. Before you head off overseas to work […]
Australia’s growing “sharing” economy provides many opportunities to make extra income. However, this will generally give rise to additional tax obligations, and accommodation sharing sites like Airbnb are no exception. Whether you rent out your whole house or just a room, make sure you understand how this “side job” will affect your tax. Millions of […]
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