Sole traders are also eligible to apply for the JobKeeper payment which is $1,500 per fortnight flat; and there has been a lot of uncertainty about whether sole traders are…

Change for low income tax offset and LAMITO A low and middle income tax offset (LAMITO) was introduced on 1 July 2018. The offset will run in conjunction with the…

With the rapid technological evolution in an accounting industry, the average time to process daily transactions have reduced substantially. The labour-intensive work of bookkeepers have benefited the most. Keeping in…

Claiming mobile phone, internet and home phone expenses If you use your own phones or internet for work purposes, you may be able to claim a deduction if you paid…

You can reduce the tax payable by following these tips. Strategy 1- Claim $30,000 instant asset write off. For example you purchased an asset, say a car that you use…