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Late Tax Return? If you haven’t lodged tax returns for years, we will help you bring everything up to date. Below is the information you need to know about late tax returns. Do I need to lodge a tax return if I didn’t earn much income? Most likely the answer is Yes! Lodging a tax … Continue Reading

If you’re an Australian resident who ceases to be a resident for tax purposes, you may be required to pay capital gains tax (CGT) on certain assets that you own, even if you don’t sell them. This is known as “deemed disposal”. Deemed disposal applies to assets that aren’t taxable Australian property (TAP). TAP is … Continue Reading

Incorporating a company in Australia is a relatively straightforward process. Learn more today with this blog post from AIM S Australia – a leading provider of business tax agent services in Australia. The Steps of Incorporating a Company The first step is to choose a company name. The name must be unique and cannot be … Continue Reading

Single Touch Payroll (STP) is a new way for employers to report payroll information to the Australian Taxation Office (ATO). Below, our tax return accountants take a look at what STP is and the benefits it provides. What Is It? With STP, employers report employee payroll information to the ATO each time they pay them … Continue Reading

A Business Activity Statement (BAS) is a tax return that businesses in Australia must lodge with the Australian Taxation Office (ATO) on a quarterly or annual basis. It’s used to report GST, PAYG withholding and other taxes. Read on for more information about Business Activity Statements from the experienced business tax return accountants at AIM … Continue Reading

Goods and services tax (GST) is a broad-based consumption tax applied to most goods and services sold or consumed in Australia. It was introduced on 1st July 2000 at a rate of 10%. GST is collected by businesses on the sale of goods and services. Businesses that are registered for GST must add GST to … Continue Reading

The Australian Taxation Office (ATO) requires individuals to lodge their income tax returns by 31st October each year. This is the deadline for both paper and electronic returns. If you miss the deadline, you may have to pay a penalty. It’s important to lodge your tax return on time for a number of reasons. First, … Continue Reading

If you’ve invested in cryptocurrency, you’ll need to report your gains and losses on your tax return. The Australian Taxation Office (ATO) considers cryptocurrency to be a capital asset, which means you’ll pay capital gains tax (CGT) on any profits you make when you sell or trade cryptocurrency. Read on to learn more with this … Continue Reading

If you own an investment property, you may be eligible for a number of tax deductions. These deductions can help you reduce your taxable income and save money on your taxes. Below, our tax return accountants take a look at some of the most common investment property-related tax deductions in Australia: Interest on loans: You … Continue Reading

Filing trust tax returns in Australia can be a complex and time-consuming process. However, it is an important process, as it is the legal obligation of trustees to declare taxable income and pay taxes accordingly. In this blog post, our tax return accountants provide some information about trust tax returns and the steps involved in … Continue Reading