Luxury car tax or LCT is a 33% tax on cars that have a value (including GST) above the set threshold. However, the tax is only on the valu..

When you own a rental property, keeping records is important. These will help you meet tax obligations. Generally, only individuals with t..

Amounts which are not classified as income are split into 3 categories.

Exempt income

This is income that you do not pay tax on, although,..

The Australian weather can be unpredictable, resulting in intense weather conditions. Bushfires, severe storms or floods can cause persona..

Trusts have their own tax file number (TFN) that should be used to complete tax returns. Trusts are also able to apply for an Australian b..

When your job ends, whether there has been a termination of employment or redundancy you will receive a payment for unused leave. This pay..

The government provides fuel tax credits for businesses with a credit for the fuel tax (excise or customs) that is included in the price o..

Businesses that are registered for GST are required to lodge a business activity statement (BAS). These assist in the reporting and paymen..

Tax audits are conducted when the ATO deems that a more extensive examination of an issue is necessary. These audits can be conducted on a..