by Asha Hudson | Oct 15, 2018 | Client Access, Tax Personal Income
Need to lodge an income tax return? Are you? – An individual taxpayer? At a glance: – The Tax Office has updated its instructions on whether an individual taxpayer is required to lodge an income tax return for the 2016 financial year. You should: –...
by Asha Hudson | Oct 15, 2018 | Client Access, Tax Personal Income
Overseas Investments Are you? – A taxpayer intending to invest overseas? At a glance: – Australian resident taxpayers must consider the tax implications before investing overseas. You should: – Be aware of your tax obligations on overseas...
by Asha Hudson | Oct 15, 2018 | Client Access, Tax Personal Income
Property damage or destruction – insurance payouts Are you? – A property owner? At a glance: – Insurance payments received from property damage or destruction may have tax implications. You should: – Be aware of the tax implications when...
by Asha Hudson | Oct 15, 2018 | Client Access, Tax Personal Income
Treatment of tax losses Are you? – A taxpayer claiming tax losses? At a glance: – The Tax Office has set out rules on how to treat tax losses correctly. You should: – Ensure that tax losses are calculated and applied correctly. – Contact us if...
by Asha Hudson | Oct 15, 2018 | Client Access, Tax Personal Income
Disclosing other assessable income Are you? – A taxpayer? At a glance: – The Tax Office has compiled a list of income items to be disclosed under the other income label of the income tax return. You should: – Be aware of ‘other income’...
by Asha Hudson | Oct 15, 2018 | Client Access, Tax Personal Income
Exempt Income Are you? – A taxpayer? At a glance: – The Tax Office has compiled a list of exempt income items on which taxpayers do not pay tax. You should: – Be aware of income that constitutes exempt income. – Contact us if you require any...
