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The Types of Tax Deductions

The Types of Tax Deductions

There are several ATO tax deductions small business owners frequently overlook. Businesses need to become more aware of all of the deductions they are entitled to in order to maintain a healthy bottom line. When completing your tax return, you can deduct things like...
High Income Tax Rates Around the World

High Income Tax Rates Around the World

If you ask anyone which country has the highest taxes, he would say it’s own country. We all must pay taxes; there is no way around it. Taxes are put into place to improve the quality of life of taxpayers as well as to develop and maintain a country’s infrastructure....
Tax Planning Tips

Tax Planning Tips

Australia is one of the highest taxing countries in the world – so many individuals and businesses in Australia tax plan in order to keep their tax to a minimum. However, taxpayers must be mindful when tax planning to ensure that their means are legitimate and...
Div A: What You Need to Know

Div A: What You Need to Know

If you own a small private company, perhaps with your spouse, think twice before borrowing money from that company. If the transaction is not recorded correctly, you could end up paying tax on any loan thanks to the rules known as Division 7A. You as an individual and...