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simple ways to improve your tax refund

Simple Ways to Improve Your Tax Refund

With tax time upon us again you can bet that most of us are hoping to improve on last years tax refund. We all look forward to getting that little bonus in our bank accounts and you’ve probably already come up with a few ideas as to how you’re going to spend it. You might […]

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top 5 most forgotten tax deductions

Top 5 Most Forgotten Tax Deductions

All of a sudden it’s tax time again. Yes, it’s 12 months since you started collating your receipts and giving your tax agent a call. Tax time can be quite stressful, especially because we’re all looking for ways to maximise our tax return. Obviously, getting the basics right is the most important part of the […]

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why use a tax agent

Why Use a Tax Agent vs the Free ATO Service?

It’s frightening to think that tax time is almost upon us again. Each tax time presents us with a dilemma –hire an expert to take care of our return or use the ATO’s free service. The new myTAX platform that the ATO has launched is undeniably an easy option to process a DIY tax return, […]

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medical expenses tax offset phase out

Net Medical Expenses Tax Offset Phase Out

In 2013, the Government announced a program to phase out the Net Medical Expense Offset, to occur between 2013 and 2019. Net medical expenses are your total medical expenses, less refunds from Medicare and private health insurers, which you, or your dependents, paid during the financial year. For most taxpayers, the phasing out program removes […]

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health insurance tax benefits

Health Insurance Premiums and Tax Benefits

At this time of year, it can sometimes feel as if everyone is trying to sell you health insurance. Every second ad on TV attempts to reel you in, with claims on how much money you’ll be in for come tax time if you still don’t have private health insurance. Many Australians buy into the […]

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How to Read A Balance Sheet

Reading a balance sheet can be straightforward, or completely confusing, depending on whether you know how to interpret what you’ve got in front of you. In a nutshell, a balance sheet summarises all the assets and liabilities of a business. This means that everything a business owns and owes is set out, and from that […]

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Which Receipts Should I Keep For Tax?

Looking to claim work related expenses in your income tax return this financial year? Great idea. Unsure of which receipts you need to keep? You’ve come to the right place. In this article we’ll take a look at a range of deductions which must be substantiated by a receipt. A receipt functions as the primary […]

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Budgeting Made Easy

Sticking to a budget isn’t the most glamorous pursuit, but it is often the difference between falling short of your financial goals and achieving them. If you’ve never tried to budget before, or like many you have tried and failed, then the following tips for creating an easy-to-follow budget will definitely help your cause. Often […]

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free downloadable invoice templates

Tips and Tricks for Invoices

If you run a small business, your invoicing system should be one of your most important processes. After all, an invoice is what you send off to customers or clients for goods or services delivered—it is how you get paid! If you are without an organised, well-managed invoicing system, then billing clients can be a […]

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Declaring Your Tax Return Missing

So, you’ve been a good little Australian citizen. You filed your return long before the deadline; you double, triple and quadruple checked everything. There isn’t a tick out of place, and you haven’t claimed a single cent more on those business expenses than you deserve. Let’s say that you filed your return online, because you […]

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