Tax policies are rarely static laws. The Australian government regularly makes changes and adjustments to tax laws in response to the economic environment or political temperatures. The main sectors of tax policy that undergo regular change are tax deductions, income brackets, and tax breaks.
Since Australia operates on a progressive tax policy (where the higher your income, the higher your tax), there tend to be many different components of tax laws that individuals need to adhere to.…
If you are coming up to tax season, and once again stressing that you make sure everything has been filed on time, you are paying the right amount and no more or less, you have probably considered using a tax accountant to help you prepare and file your returns. However, even for those who do not want to engage a full time accountant, there are several, potentially surprising, ways that tax accountants can help you meet your legal obligations and make the most of your financial situation.…
If you are only paying an accountant to make sure your taxes add up and that the numbers coming in are bigger than the numbers going out, you are wasting a valuable, and let’s face it expensive, resource. Qualified accountants can do so much more than just the basics, and you might even start to think about them as a positive asset rather than an expense.
Accountants know more than just numbers.…
