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Can I claim my education expenses in my tax return?
A tax return is a document submitted to a taxing authority that lists earnings, outlays, and other pertinent financial data. Taxpayers compute their tax liabilities, set up tax payments, and request refunds for overpaid taxes on their tax returns. Tax returns must typically be filed yearly. Courses That May Be Used to Reimburse Self-Education Costs […]
Common tax deductible items for home based businesses
A home-based business is a business whose primary office is in the owner’s home. Basically it is a small business that works from the business owner’s home office. It can be like the works are done from home – for example where the business does not own or rent any properties other than your home. […]
Tax deduction you need to be aware of as uber drivers
Tax deduction you need to be aware of as uber drivers In Australia, ridesharing services like Uber and others are become commonplace. Uber drivers offer a swift, secure, and convenient means of transportation, as well as the freedom to choose their own hours and use their own vehicles. Uber drivers not only provide ridesharing but […]
Tax rules for holiday makers in Australia
Since 1975, the reciprocal Working Holiday Maker (WHM) program in Australia has helped to forge closer ties between young people in Australia and other countries. It permits young individuals to take a 12-month vacation during which they can work part-time and attend school. A working holiday may involve full- or part-time employment, volunteer activity, or […]
Tax laws around cryptocurrency in Australia
Cryptocurrencies are without a doubt more than just a craze, yet many people continue to have misconceptions about them, and they continue to have questions about their real worth, actual uses, and long-term potential. In Australia, when someone buys cryptocurrency as an individual, he won’t have to pay tax on it until he sells it. […]
Tax deductions for nurses
For nurses, midwives, and other healthcare professions, there are a variety of tax deductions available. Online Tax Australia has compiled the extensive list below to make sure the nurses are aware of all the tax-saving opportunities accessible to them. The majority of the tax advantages are in the form of tax deductions for personal costs […]
Why do I need an accountant?
The majority of business owners do not really like accounting or bookkeeping. When they would rather be spending time with their family and friends, they wind up doing it late at night or on the weekends. They continue nonetheless because they have a “do it yourself” (DIY) mentality and believe that having an accountant is […]