Know Everything About The Year-end Tax Implications For Managed Funds, Investors (Covid-19)

There may be significant tax implications of year-end distributions from Australian managed funds because of the coronavirus (COVID-19) pandemic. High levels of equity market volatility and sharp movements in foreign exchange rates, particularly from March through to June 2020, have meant that many funds that were previously on track for a positive year-end performance have […]

No Tax Deductions For Non-compliant Payments

[kc_row _id=”107236″][kc_column _id=”249704″][kc_column_text _id=”854189″] In the recently released draft legislation by the government, businesses will not be any longer allowed to claim the deduction for payments to employees whenever they have not met the Pay As You Go (PAYG) obligations. This deduction applies on certain payments including, payment of wages and payment to a contractor […]

Rideshare Tax Information For Australian Drivers

[kc_row _id=”935749″][kc_column _id=”338705″][kc_column_text _id=”112758″] In Australia, the rideshare partners carrying on an enterprise or Uber are liable for a GST registration and income tax on their earnings as per the recommendation of the Australian Taxation Office (ATO). When you drive for Uber, you are considered a contractor rather than an employee. This makes it important […]

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