When Do You Pay Capital Gains Tax On Property in Australia?
Capital gains tax (CGT) is a complex concept that can confuse even seasoned real estate investors. However, it significantly impacts the profits you pocket when selling property assets. If you plan to sell a home or land, you must have a clear idea about CGT and how it impacts your investment planning and portfolio management. […]
Taxation for Uber Eats and Other Delivery Drivers
The number of Aussies moving to food delivery is rising. Delivery services like Uber Eats, Menulog, and DoorDash are offering good job opportunities. But at the same time, the tax obligations of these individuals should also be taken into account. Today, in this blog, we will take a look at Uber Eats’ tax obligations to […]
4 Most Common Tax Scams and How To Stay Safe?
Tax season is the time when two groups of people work round the clock. The first one is the group of tax accountants and return-filing specialists who work to help individuals minimise their tax burden. And the second one is the group of scammers who work full-time to rob hard-working Aussies of their hard-earned money. […]
What is the Medicare Levy Charge?
The Medicare Levy is a tax that helps fund the public healthcare system in Australia. Nearly all Australian taxpayers contribute to this fund, with the standard rate being 2% of your taxable income. However, if you earn above a certain threshold and don’t have private hospital cover, you might need to pay an additional charge […]