Blogs

Ongoing loans and Grants for Primary Producers

1. Drought Loan https://www.ric.gov.au/loans/drought 2. AgriStarter Loan https://www.ric.gov.au/loans/agristarter 3. Drought Infrastructure Fund https://www.raa.nsw.gov.au/loans/dif 4. Upgrade your...

Do You Know if You Withdraw Money From Your COMPANY Bank Account and Didn’t Pay It Back Timely, It Can Trigger Div 7A Loan Implications?

Few things to consider: 1. Avoid paying private expenses from a company bank account 2. Repay the amount to company by the lodgement due date of the company tax return 3. Create a commercial Div 7A...

Do You Know That Medical Professionals in Australia Have Access to a Wide Range of Tax Deductions That Can Significantly Reduce Their Tax Liability?

Few are some common deductions available to medical practitioners (considering that these expenses have direct relation to their work): 1. Car expenses 2. First Aid training courses 3. Home office...

Some Expenses Which You May Claim This Year in Your Tax Return:

1. Work-from-home expenses 2. Self-education expenses 3. Income protection insurance 4. After tax personal super contributions 5. Laundry/Uniform expenses 6. Telephone & Internet expenses 7...

Do you know the Capital Gains Tax (CGT) implications if you demolish a property and subdivide it into two units?

Are you confused whether building a new dwelling in your backyard and selling the original dwelling will trigger CGT implications or not? Did you know that you can use your investment property as your...

Tax Tips/Benefits Available for Primary Producers

1. Income Averaging to even out income and tax liabilities across 5 years 2. Immediate deduction for landcare operations such as drainage work to prevent erosion 3. Immediate deduction on fencing and...

Do You Need to Declare Your Cash Income?

Answer is Yes!!! Things you should do If your employer pays you cash: 1. Declare cash as income on your tax return. 2. Receive a payslip showing earnings and tax withheld. 3. Get an annual income...

Tax Accountant Coffs Harbour

Looking for the most suitable tax accountant in Coffs Harbour? For all your taxation services, you should turn to Tax Rizz. At our practice, we strive to provide the highest quality tax and accounting...

Tax Accountant Woolgoolga

Want to hire professional tax accounting services in Woolgoolga? Tax Rizz is your go-to firm for all your tax and accounting solutions. Woolgoolga’s professional and experienced tax accountants are...