What is this PAYG Instalment and why do I pay it? | Online ...

I got a question this week:

 

"What is this PAYG Instalment I have to pay?

 

The Pay As You Go (PAYG) instalment system is a program of pre-paying tax instalments towards your expected tax liability on your business and investment income. It is not to be confused with Pay As You Go (PAYG) Withholding which is related to wages and salaries.

 

Your actual income tax liability is worked out when...

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Website: http://www.accountancyonline.com.au

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Same Day Refunds - Tax Return Beenleigh, Accounting ...

Get Your Tax Refund Today!

Don't wait Weeks for the Tax Office to process your tax refund this year

It's as Easy as 1,2,3

1

Preparation of your tax return

We will professionally prepare your tax return using the most accurate tax preparation software available. This means that you will receive the maximum refund legally possible - every time!

2

Qualification for a

Same Day Refund

Once you are...

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Website: https://www.samedayrefunds.com.au

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TEN TAX TIPS FOR STUDENTS? [1] - Business Newsroom

May 17, 2017 / La Trobe / 0 Comments

By Mark Morris

Few student welcome the prospect of preparing and lodging an income tax return with the Australian Taxation Office (the ATO).

However, where the income tax deducted from a student's job exceeds the total income tax payable for the tax year the only way in which a student can obtain a refund of overpaid tax is by lodging an income tax return.

Of...

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Website: https://businessnews.blogs.latrobe.edu.au

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Key dates - Tax returns - Griffin & Associates ...

Individuals that do not lodge through a tax agent (e.g. lodged through e-tax)

All individuals and trusts where one or more prior year was outstanding at 30 June

Clients prosecuted for non-lodgement of prior year and advised�31 October

15 January

Large/medium trusts (turnover over $ 10m last year lodged) and taxable last year

28 February

Large/medium trusts (turnover over $ 10m last year lodged)...

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Website: http://www.griffinassociates.com.au

Related topics : individual income tax return due date / tax return lodgement due dates / tax return due date / tax return lodgement and payment dates / income tax return date

Easy Personal Tax Returns Online - Fixed $29.95 – Ezytaxback

Lodge your tax return online today with Ezytaxback.com, the only fixed price service for Australian online tax returns, offering returns for Fixed $29.95. We value our clients, and our service goes beyond providing a tool for lodging personal tax returns online.

We pride ourselves on our customer service, ensuring all our clients get the most out of our service each time. We are committed to providing our clients with quality, professional advice in all areas of tax. At Ezytaxback we live and breathe taxation and our team have...

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Website: https://www.ezytaxback.com

Related topics : online service tax return / fast tax return online / ato tax return online / tax online return / lodge tax return

ATO Challenges Tax Residency of Returning Aussie Expat

The ATO issued a tax statement (based on me being a tax resident of Australia for the period in question) and advising me that I had an outstanding liability to the ATO of approximately $200k (incorporating outstanding tax, interest and penalties). �And this was continuing to attract interest on a daily basis.

After further discussion with my accountant, we prepared�an Objection to an Amended Assessment. �Following this submission, the ATO rejected my tax residency declaration again, but agreed to treat my overseas income as being exempt for income tax purposes (per the ruling the project had received from the Australian Tax...

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Website: http://www.austexpatinvestor.com

Related topics : resident income tax return / ato tax return / tax audit return / accountant tax return australia / australian tax return

Tax return 2017: Mistakes to avoid this financial year

tax

Tax return 2017: Mistakes to avoid this financial year

WHEN it comes to tax time, it's best to avoid all of them. Committing just one can land you in a heap of hot water.

What you should be doing to prepare for tax time1:53

David Koch gives some pointers on what you should be doing now to prepare for tax time.

February 26th 2016

3 years ago

/display/newscorpaustralia.com/Web/NewsNetwork/Money...

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Website: news.com.au

Key Lodgement Dates with ATO - Ascent Accountants

Lodge tax return for taxable large/medium entities as per the latest year lodged (all entities other than individuals), unless required earlier

Payment for large/medium entities with a 15�January due date is:

1�December 2018 - for companies and super funds

for trusts - as stated on their notice of assessment.

Note:�You cannot request an agent assessed deferral from this date or assume a...

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Website: http://www.ascentwa.com.au

Related topics : individual income tax return due date 2018 / lodge tax return / individual income tax return due date / tax return lodgement due dates / tax return due date

Australian Withholding Tax - Artist Escrow Services Pty Ltd

for Visiting Performers and Sportspeople

Issues to be considered

1. Each overseas non-resident performer and sportsperson is subject to Australian income tax, either as an individual or as their corporate entity (the NR), with respect to income derived from services provided in Australia.

2. Tax is required to be withheld by the payer (the promoter/producer) and remitted to the Australian...

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Website: http://artistescrowservices.com

Late and Overdue tax returns - CHA Accountants

Having an expert, experienced tax agent taking care of your late tax returns can be critical to the outcome you achieve. Tax laws and rules are constantly changing over the years and it is important that the tax agent is up to speed with all these changes. If not, you can end up losing a lot of money, especially if special rebates, tax offsets, credits and one-off deduction rules are not taken...

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Website: http://www.chaaccountants.com.au

Tax return deadline: When should I lodge my claim? - ABC ...

When asked why individual taxpayers doing their own return have to lodge by October 31, the ATO said the due date for lodgement of income tax returns is set out in the law.

The financial year ends on June 30, so this gives you about four months (from July 1 to October 31) to complete your tax return.

If you prepare and lodge your own return and need additional time, you'll need to contact the ATO...

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Date: 2019-03-24 06:27:58
Website: abc.net.au

Dob in dodgy competitors, ATO says pre-tax agent strike ...

Dob in dodgy competitors, ATO says pre-tax agent strike

:

Dob in dodgy competitors, ATO says pre-tax agent strike

The ATO and the Tax Practitioners Board (TPB) have spruiked their commitment to investigating complaints against dodgy tax practitioners, as it looks to mitigate the backlash from the industry following the landmark individual tax gap report.

Tax&Compliance Jotham Lian 15 August...

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Date: 2019-03-24 07:17:26
Website: https://www.accountantsdaily.com.au

Related topics : registered tax agent requirements / ato tax return small business / registered tax agent logo / registered tax agent / agent tax

Tax Return Sydney CBD - City Tax Accountants

The Boon of Bookkeeping Services in Sydney

Have you been considering using bookkeeping services in Sydney? It's a smart move and one that brings considerable benefits in both efficiency and cost. Moreover as part of an overall package of accounting services, it will help streamline your financial operations. The Boon of Bookkeeping Services in Sydney was last modified: September 15th, 2014 by...

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Website: http://www.citytaxaccountants.com.au

Fees for your Tax Return | Tax Today

Our fees start from a low $99.00 for online tax returns. Tax Returns prepared in our office start at $120.

Where clients choose to have an Instant Tax Refund (in advance of the ATO refund), there is an additional fee of 7.7% (8.8% in QLD) of the refund amount. This is a flat rate, not...

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Website: https://www.taxtoday.com.au

Related topics : instant tax return refund / tax return preparation fee deduction / instant tax return online / tax return preparation fee / online tax return preparation

ATO Tax Calculator | Tax Refund Calculator Australia 2014-15

The ATO (Australian Taxation Office) is a statutory agency and the principal revenue collection body for the Australian Government. This ato tax calculator will help you to calculate your net refund / return income (by annually, monthly, fortnightly and weekly) amount after the tax deduction from your annual salary for the...

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Website: https://www.easycalculation.com

Related topics : tax refund return calculator / ato tax calculator 2014 / australian income tax calculator 2014 / income tax refund calculator / australian tax calculator net income

Khourys & Associates - Call us

https://www.ato.gov.au/

31 March 2019

2018 tax returns for companies and super funds with total income of more than $2�million in the latest year lodged (excluding large/medium taxpayers). Due for lodging and paying unless the return was due earlier.

2018 tax returns for individuals and trusts whose latest return resulted in a tax liability of $20,000 or more, excluding large/medium trusts. Due for lodging. The due date for payment is stated on their notice of assessment.

https://www.ato.gov.au/

21 April 2019

March 2019 quarterly PAYG instalment activity statement for head companies of...

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Website: http://www.khourys.com.au

Related topics : individual income tax return due date 2018 / individual income tax return due date / tax return due date / individual income tax return 2018 / income tax return due

ATO lodgement due dates 2017-18 - East Coast Accountants

Standard Business Reporting (SBR).

28�November

Due date for lodging Superannuation guarantee charge statement - quarterly and paying the super guarantee charge for quarter�1, 2017-18, if the employer did not pay enough contributions on time. Employers who lodge a Superannuation guarantee charge statement - quarterly can choose to offset contributions they paid late to a fund against their...

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Date: 2019-02-13 19:33:34
Website: http://www.eastcoastaccountants.com.au

Top Five Apps For Tax Time | Lifehacker Australia

While tax time usually conjures the image of piles of paper and shoeboxes full of old receipts, it doesn't have to be that way forever. If you're sick of shuffling through hard copy documents to get your finances sorted every July, here are our top five apps that'll save you time and stress this tax time.

This new financial year, plan & create with Microsoft Office, including Excel, PowerPoint,...

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Website: https://www.lifehacker.com.au

Find out more - Instant Tax Refunds

Facebook

Why wait for your tax refund?

Tax refunds can take up to 1 month, but with Instant Tax Refunds, you can get a same day tax refund.

About same day tax refunds.

We are specialists in same day tax refunds, allowing you to get your...

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Website: http://instanttaxrefunds.com.au

Related topics : instant tax return refund / check on tax return refund / tax refund return calculator / fast tax return refund / tax refund return

Australian Tax Returns for Non-Residents - Ezytaxback

Non-residents that are temporary residents do not have to declare all income earned worldwide, and only should declare all income earned within Australia and any income earned from employment overseas whilst you were considered an Australian resident for tax purposes (these of course will be shorter periods of time).

Australian Residents along with temporary residents are taxed at normal...

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Website: https://www.ezytaxback.com

Related topics : non resident tax return ato / non resident tax return / resident income tax return / earned income tax return / australian tax return

Tax Return - MaxMargin Accountants | CPA Tax Accountant in ...

is an Accounting Firm with Registered Tax Agents and Certified Practicing Accountants in Laverton , Melbourne, Victoria. We place great emphasis on integrity, professionalism and trust with our clients

WHY US?

MaxMargin Accountants is a professional accountant & accounting firm catering the services of Taxation, Accounting & Business advisory since 2014. We have the profundity of information you would expect at consultative level. We can deal your complex Tax return issues & provide you effective tax advice. Our primary goal is�to offer the best accounting & Tax services in Australia.

HOW WE WORK?

With your concurrence, we advocate...

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Date: 2018-03-23 05:15:11
Website: http://www.mmcpa.com.au

Related topics : accountant tax return australia / accountant tax return melbourne / accountant tax return / tax return advice / ato tax return

Company Tax Return $350 | Small Business ... - Ezy Tax Online

Correction and Update of Accounting Records

Tax Planning & Minimisation Strategy

4 x Quarterly BAS or Annual GST Return

PAYG Annual Report

ASIC Company Secretarial Service

Other Requested Service

We also offer, remote bookkeeping assistance, can organize any necessary registrations or cancellations and deliver any cloud accounting solutions.

The Differences of Ezy Tax Online Biz

Low Affordable...

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Website: https://ezytaxonline.com.au

Related topics : online service tax return / ato tax return online / free tax return preparation online / online tax return preparation / tax return help online

Tax Return Calculator 2017 | ATO Tax Refund - E-Lodge

Tax Calculator Australia, 2016-2017

How to navigate the E-Lodge comprehensive tax calculator to estimate your tax refund or liability:

The E-Lodge Australian tax return calculator allows you to incorporate all wage and business income in your estimate, along with the full range of tax deductions, your residency status, and any Super Fund contributions or HECS/HELP debt you acquired throughout the year....

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Website: https://www.elodge.com.au

How to Check the Progress of Your Tax Return | E-Lodge

You can also check your progress of return by phone with the ATO's automated self-help phone service. Phone 13 28 61. Choose option 2 then option 1.

Keep in mind�that in order to check the progress of your return by phone or online, you'll need your tax file number (TFN) handy.�

Why is my return taking SO long to get to me?

If you can't find what you're looking for online, phone the ATO to check the status of your return at 13 28 66.

If your...

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Website: https://www.elodge.com.au

Related topics : check on tax return progress / do i need to file a tax return / income tax return check online / check tax return status / prior year tax return status

Time limits for family assistance paymentsThe Money Edge

The ATO has reminded taxpayers who want to claim family assistance payments for the 2014 financial year that they must lodge a claim with the Department of Human Services (Centrelink) by 30 June 2015 to be eligible.

This deadline applies to taxpayers who intend to lodge a claim for:

Family Tax Benefit;

Child Care Benefit; and

Single Income Family Supplement (SIFS).

These people must also lodge...

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Website: http://www.themoneyedge.com.au

Related topics : individual income tax return / return on income tax / lodge tax return / tax return and child benefit / tax return claim 2015

Tax Depreciation Schedule | Tax Depreciation Schedules ...

Why do I need a Depreciation Schedule?

A depreciation schedule allows you to ensure you claim the full amount of tax back on your rental or investment property when completing your tax return. Engaging a company such as DEPPRO who's schedules are ATO compliant you do can not only claim guaranteed entitlements from your tax return you can ensure you maximise your entitlements to ensure the biggest...

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Website: https://deppro.com.au

Related topics : tax return with schedules / building tax depreciation / tax return claim / get tax return / complete tax return

The Tax Shop - Tax agents and tax returns

Refer a friend

Our pledge: � To share with customers the experience of an excellent personal solution in the management of their taxation affairs. Make your appointment quickly and easily online!

With over 15 years of tax experience and more than half a million completed returns, we are the best choice for your personal income tax or business tax needs.

Our Services

Prompt support with all your...

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Website: https://www.thetaxshop.com.au

Related topics : business income tax return / online tax return australia / get tax return / get copy of tax return / income tax return online services

7 Essential Tax Tips for Independent Contractors - Certica®

7 Essential Tax Tips for Independent Contractors

By Grace Ross o 20 August 2017

The end of the financial year (EOFY) means tackling your tax return. For contractors, especially first-timers, tax time can feel overwhelming - but it doesn't have to be.

Here are seven tips to help you get ahead.

1. Pay-as-you-go

If you're earning more than $4,000 a year, check out the pay as you go instalment...

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Website: https://certica.com.au

Chapter 5: Individual Taxpayers — Lodgement compliance ...

370,307

0

5.12 Taking that into account and applying 2005-06 as an indicative year, the Inspector-General considers that the Tax Office analysis supports a conclusion that in an average year around 1.5 million individual taxpayers do not lodge income tax returns that they should. With the Tax Office having received a total of 11,510,959 individual 2005-06 returns, 75 the level of lodgement...

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Website: http://igt.gov.au

Online Tax Australia | Lodge Tax Return Online

Online Tax Australia system.

7 Great Reasons to Choose Us

An experienced, professional tax agent checks every return.

Access to professional, experienced, qualified, transparent accountants to�answer all�your questions.

Convenient, fast and...

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Website: https://www.onlinetaxaustralia.com.au

Related topics : free tax return online australia / online tax return australia / tax return online software / ato tax return online / fast tax return online

National Income Securities - NAB

National Income Securities

National Income Securities (NIS) are a form of hybrid income security. They're not ordinary shares or bank deposits but are listed on the ASX.

NIS consist of two components:

A fully paid debt security of $100 (Note).

An unpaid preference share (or Preference Share).

These two components are stapled together and cannot be traded separately.

Floating distribution rate

NIS...

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Website: https://www.nab.com.au

Related topics : australian income tax calculator non resident / non resident tax return form / non resident tax return ato / non resident tax return calculator / non resident tax return

Simple Tax Guide for Americans in Australia - TaxesforExpats

Simple Tax Guide for Americans in Australia

At TFX we have been preparing taxes for Americans in Australia for over 21 years.

Australia is a very attractive country for US expats, with beautiful beaches, warm weather, and an English speaking, laid-back culture. With a residency system based on points, and around 20% of the population born outside the country, it is a relatively accessible country...

Read more

Date: 2019-03-21 15:04:12
Website: https://www.taxesforexpats.com

Buying A Car For Uber – DriveTax Australia

First Considerations

A common misconception to clear up right away is that you'll 'get it all back on tax'. This is not the case. When you claim a tax deduction, you only get back some of the money you spend. For example, if your taxable income is between $37k and $87k you're in the 34.5% tax bracket, so you'll get back 34.5 cents of every dollar you spend. The other 65.5 cents comes directly out...

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Website: drivetax.com.au

Tax Focus - Tax Agent Bondi Junction, Tax Return Sydney ...

Want to change your business name? You'll need to register a new one

If you decide to re-brand your business or trade under a different name, you need to let ASIC know. For example Creative Hub Pty Ltd currently owns the business name 'Creative Considerations' but wants to change it to 'Creative Consulting' because they think it sounds...

Simpler depreciation for small business

Small business...

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Website: https://www.taxfocus.com.au

Related topics : ato tax return small business / income tax return small business / tax return small business owner / tax return small business / accountant tax return sydney

Tax Accountants Melbourne | Business and Individual Tax ...

Zimsen Partners are highly experienced in assisting Small and Small to Medium Enterprise

Tax Planning and Tax Advice.

Preparation of financial statements and income tax returns for various business structures including: trusts, companies, partnerships and joint ventures.

Preparation of indirect tax returns such as payroll tax and fringe benefits tax

Preparation of Income Activity Statements...

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Website: https://www.zimsenpartners.com.au

Related topics : income tax return small business / business income tax return / ato tax return small business / individual income tax return / tax return preparation services

Pay-as-you-earn tax - Wikipedia

Origins[ edit ]

Devised by Sir Paul Chambers , PAYE was introduced into the UK in 1944, [1] following trials in 1940-1941. As with many of the United Kingdom's institutional arrangements, the way in which the state collects income tax through PAYE owes much of its form and structure to the peculiarities of the era in which it was devised. The financial strain that the Second World War placed upon...

Read more

Date: 2018-03-16 23:03:15
Website: https://en.wikipedia.org

Pay-as-you-earn tax - Wikipedia

Origins[ edit ]

Devised by Sir Paul Chambers , PAYE was introduced into the UK in 1944, [1] following trials in 1940-1941. As with many of the United Kingdom's institutional arrangements, the way in which the state collects income tax through PAYE owes much of its form and structure to the peculiarities of the era in which it was devised. The financial strain that the Second World War placed upon...

Read more

Date: 2018-03-16 23:03:15
Website: https://en.wikipedia.org

Lodgement Dates - AtoTaxRates.info

You are here: Home / Lodgement Dates

Tax�Return Lodgment Due Dates

The general deadline for the lodgement of self-prepared individual, partnership and trust income tax returns is�31 October.

In general, where the due date falls on a weekend or public holiday, it is moved to�the next business day.

If an extension of time is needed to lodge a tax return, the�Tax Office should be contacted...

Read more


Website: https://atotaxrates.info

Pay-as-you-earn tax - Wikipedia

Origins[ edit ]

Devised by Sir Paul Chambers , PAYE was introduced into the UK in 1944, [1] following trials in 1940-1941. As with many of the United Kingdom's institutional arrangements, the way in which the state collects income tax through PAYE owes much of its form and structure to the peculiarities of the era in which it was devised. The financial strain that the Second World War placed upon...

Read more

Date: 2019-03-20 09:54:13
Website: https://en.wikipedia.org

Info base - Accounting For Your Future - AFYF

Tax Return Lodgements 2017

A list of lodgement dates applicable to tax returns for the 2016 - 2017 financial year is below:Individual Tax Returns -o Individuals who lodge their own tax returns, the due date...

read more »

BAS Lodgements 2017-2018

The lodgement program due dates for the 2017 - 2018 financial year are listed below for all quarterly and monthly activity statements, including PAYG...

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Website: http://www.afyf.com.au

Tax return 2017 due date: October 31 is the deadline

Image

Should we get rid of tax deductions?1:12

The ATO have seen it all, and Aussie's are claiming $21 billion in work related expenses per year. So should we be getting rid of individual tax deductions?

September 28th 2017

6 months ago

Don't try the old 'my accountant is in prison' excuse.Source:Getty Images

THE Australian Taxation Office has warned that today is the last day for individual...

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Website: news.com.au

Tax Free Threshold Australia | E-Lodge

Hi Chris,

Hi Chris,

It depends on how much you are making. How many days a week do you work at the job where you make $707? The job where you work once a week is not withholding any amount, and the other job is.

It many situations, the primary job, the withholding tax rate is lower because of the existence of a tax-free threshold. All other work has tax withheld based on a rate that excludes the...

Read more


Website: https://www.elodge.com.au

Non-residents and Australian Tax Return | PropertyChat

TheDoor said: ^

Thank you. I took the ATO tax resident calculator and I am definitely a non-resident of Australia.

Here is the meat of the question. If I should submit a tax return to ATO to show rent and expenses that offset that rent, then I presume the ATO would want me to declare my personal worldwide income.

If so, would purchasing the investment...

Read more

Date: 2019-04-10 00:22:30
Website: https://www.propertychat.com.au

Related topics : australian income tax calculator non resident / non resident tax return ato / non resident tax return calculator / non resident tax return / australian income tax calculator

8 tax tips for students | INTHEBLACK

To assist, CPA Australia has put together eight tax tips for students for the year ending 30 June 2017.

Obtain your refund

When a person's taxable income for the year ended 30 June 2017 is below the tax-free threshold of $18,200, they may not need to lodge an income tax return.

However, if you have had tax withheld from your income during the year you must lodge a return to have the withholding...

Read more


Website: https://www.intheblack.com

Income Tax Returns - PS Help: Tax - Australia 2018 - MYOB ...

Each return has a set of tab cards denoting the items that are contained under each tab. For example, Income, Deductions, Tax Offsets, etc.

See Related topics for different return types..

How do I open Help topic

Click [F1] directly from an item in the return to open the Help topicThe item specific help...

Read more


Website: http://help.myob.com

Related topics : income tax return help / tax return help online / individual income tax return 2018 / tax return help / individual income tax return form

Scam alerts | Australian Taxation Office

March 2017 Email Scam - online activity statement

October 2018 phone scam - imitating ATO switchboard numbers

Similar to previous alerts we have issued in September and March this year, we are seeing an increased number of reports of scammers contacting members of the public pretending to be from the ATO and claiming that there are outstanding tax debts and threatening people with arrest if the...

Read more


Website: https://www.ato.gov.au

Related topics : tax refund returns 2018 / federal tax return refund 2018 / tax refund return time 2018 / ato tax return online / where to send tax return for refund

Maximise Your Tax Return with a Chattel Mortgage | Rapid ...

Tax benefits of a chattel mortgage

There are potential tax deductions that you could make if you finance your commercial vehicle with a chattel mortgage. These include:

Tax deductions for interest payments - You may be able to claim the interest payments on your chattel mortgage as a tax deduction. If you are eligible, you can claim the interest charges on your next annual tax return.

Tax deductions for depreciation - You may also be able to claim the depreciation of the vehicle value as a tax deduction. Consult a tax professional to find...

Read more

Date: 2019-03-18 05:10:58
Website: https://gorapid.com.au

Related topics : tax return mortgage deduction / tax return mortgage interest / tax return mortgage loan / tax return deductions / tax return mortgage

ATO requires SGE’s To File CbC Reports | CCH Integrator

For many companies required to file CbC reports, there are important lodgment deadlines fast approaching for:

Full Local File

Master File

Country-by-Country Report

The ATO requires Significant Global Entities (SGEs) subject to Country-by-Country (CbC) Reporting to electronically lodge this information to them. In our consultation with the ATO, they have confirmed the complexity of CbC filing...

Read more


Website: http://www.cchintegrator.com

Tax return 2017 due date: October 31 is the deadline

THE Australian Taxation Office has warned that today is the last day for individual taxpayers to lodge their 2017 returns if they are not using an agent.

As of Sunday afternoon, more than 9.4 million Australians had lodged their tax returns, about four per cent more than at the same time last year.

In 2016-17, 10.9 million individuals were expected to need to lodge a return for the 2015-16...

Read more


Website: news.com.au

Accountants Desktop | Specially created for Tax ...

PAYGW Variation - Rent

FBT 2017 (6 Apr 2017)

We have added our fringe benefits tax calculator for use with all employer and fringe benefit types for the year ended 31 March 2017. �The workbook includes calculation of FBT payable where applicable, calculation of the value of benefits for an employee contribution and a summary of all benefits by type and employee.

FBT - Full Calculator

Fixed...

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Website: https://get.accountantsdesktop.com.au