How to Avoid the Tax Bill Shock After Receiving Vested Shares

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Tax Planning

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How to Avoid the Tax Bill Shock After Receiving Vested Shares

Do you have to pay tax if your tech company employer pays you equity as part of your salary package? Working for tech companies has many benefits: breakfasts and lunches, gym and health coverage, and very generous equity packages. You work hard, and you earn hard. But are you prepared for the tax consequences when […]

How to Avoid the Tax Bill Shock After Receiving Vested Shares Read More »

Do you have to pay tax if your tech company employer pays you equity as part of your salary package? Working for tech companies has many benefits: breakfasts and lunches, gym and health coverage, and very generous equity packages. You work hard, and you earn hard. But are you prepared for the tax consequences when

New ATO Work from Home Legislation Explained

Working from home has become a new norm for many of us since the pandemic began. As a result, the Australian Taxation Office (ATO) introduced a Working from Home legislation to help individuals claim deductions for expenses incurred while working from home. On 16 February 2023, the ATO revised the fixed rate method, which applies

New ATO Work from Home Legislation Explained Read More »

Working from home has become a new norm for many of us since the pandemic began. As a result, the Australian Taxation Office (ATO) introduced a Working from Home legislation to help individuals claim deductions for expenses incurred while working from home. On 16 February 2023, the ATO revised the fixed rate method, which applies

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Reducing Your Tax Bill With Carry-Forward Super Contributions

Making personal contributions to super is one way you can minimise your tax bill and may leave you with more cash in the bank in the long run. When you’ve got a fair bit of cash saved up or receive a significant lump sum of money, the common advice would be to use that money

Reducing Your Tax Bill With Carry-Forward Super Contributions Read More »

Making personal contributions to super is one way you can minimise your tax bill and may leave you with more cash in the bank in the long run. When you’ve got a fair bit of cash saved up or receive a significant lump sum of money, the common advice would be to use that money

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Checklist: Claiming Post-COVID Working From Home Expenses In Your Tax Return

Make sure you understand what you can and can’t claim in your next tax return After a couple of years of working from home during a global pandemic, it’s no surprise that the cost of working from home has increased significantly for many households. But which and how much of those expenses are you eligible

Checklist: Claiming Post-COVID Working From Home Expenses In Your Tax Return Read More »

Make sure you understand what you can and can’t claim in your next tax return After a couple of years of working from home during a global pandemic, it’s no surprise that the cost of working from home has increased significantly for many households. But which and how much of those expenses are you eligible

ATO Tax Crackdown – What You Need to Know Before You Lodge Your Next Tax Return

Understand what you can and can’t claim in your next tax return The Australian Taxation Office is warning it will be taking a tougher approach on tax returns this year, so it’s worth noting some of the things it’ll be cracking down on. Here are 5 things that might affect what you claim: What are

ATO Tax Crackdown – What You Need to Know Before You Lodge Your Next Tax Return Read More »

Understand what you can and can’t claim in your next tax return The Australian Taxation Office is warning it will be taking a tougher approach on tax returns this year, so it’s worth noting some of the things it’ll be cracking down on. Here are 5 things that might affect what you claim: What are

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Crypto and Tax in Australia

What are the tax implications of your cryptocurrency investment? he constant evolution and introduction of new types of cryptocurrencies makes it confusing – but even more important for investors to understand how Australian tax law applies and what you might owe the ATO come tax time. Whether you’re new to crypto investing, or have been

Crypto and Tax in Australia Read More »

What are the tax implications of your cryptocurrency investment? he constant evolution and introduction of new types of cryptocurrencies makes it confusing – but even more important for investors to understand how Australian tax law applies and what you might owe the ATO come tax time. Whether you’re new to crypto investing, or have been

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When Do You Start Paying More Tax on Your Superannuation?

A breakdown of Division 293 Tax and When It Applies Superannuation tax is probably not the type of riveting topic you’d expect to discuss over dinner with friends, but if you find your salary climbing above the $200K/year mark, it’s a topic worth wrapping your head around – especially if you want to get more

When Do You Start Paying More Tax on Your Superannuation? Read More »

A breakdown of Division 293 Tax and When It Applies Superannuation tax is probably not the type of riveting topic you’d expect to discuss over dinner with friends, but if you find your salary climbing above the $200K/year mark, it’s a topic worth wrapping your head around – especially if you want to get more

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Working Holiday Makers Tax Rules After High Court Ruling

Are you a working holiday maker? You might be paying too much tax Highlights Addy vs Commissioner of Taxation (A bit of background) Ms Addy, a British citizen, arrived in Australia in August 2015. She was working in Sydney under a Subclass 417 (working holiday) visa until she returned to the UK in May 2017.

Working Holiday Makers Tax Rules After High Court Ruling Read More »

Are you a working holiday maker? You might be paying too much tax Highlights Addy vs Commissioner of Taxation (A bit of background) Ms Addy, a British citizen, arrived in Australia in August 2015. She was working in Sydney under a Subclass 417 (working holiday) visa until she returned to the UK in May 2017.

Small Business

What is a tax plan and should my business have one?

Put simply, tax planning is a way of minimising the tax you pay. It’s a process of looking at your complete financial situation and projecting your future income in order to predict your tax liability and take advantage of opportunities to decrease your tax bill before the end of the financial year. Tax planning is

What is a tax plan and should my business have one? Read More »

Put simply, tax planning is a way of minimising the tax you pay. It’s a process of looking at your complete financial situation and projecting your future income in order to predict your tax liability and take advantage of opportunities to decrease your tax bill before the end of the financial year. Tax planning is

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Super Changes 2021: What you need to know

s you set your financial goals for 2021, don’t forget to think about Super. This year welcomes a series of changes to Australia’s superannuation scheme which are designed to give the employee more power and control over their future retirement investment.   1. It’s your super, so YOU get to choose your fund. From 1

Super Changes 2021: What you need to know Read More »

s you set your financial goals for 2021, don’t forget to think about Super. This year welcomes a series of changes to Australia’s superannuation scheme which are designed to give the employee more power and control over their future retirement investment.   1. It’s your super, so YOU get to choose your fund. From 1

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