Tax

January 21 2021
Taxation of your unused leave when leaving a job

Taxation of your unused leave when leaving a job

When your job ends, whether there has been a termination of employment or redundancy you will receive a payment for unused leave. This payment will be […]
January 28 2021
Tax registration for trusts as trustees and beneficiaries

Tax registration for trusts as trustees and beneficiaries

Trusts have their own tax file number (TFN) that should be used to complete tax returns. Trusts are also able to apply for an Australian business […]
February 5 2021
Tax treatment of insurance payments for damaged or destroyed property after a disaster

Tax treatment of insurance payments for damaged or destroyed property after a disaster

The Australian weather can be unpredictable, resulting in intense weather conditions. Bushfires, severe storms or floods can cause personal properties and assets a lot of damage. […]
February 16 2021
The amounts you dont need to include as income

The amounts you don’t need to include as income

Amounts which are not classified as income are split into 3 categories. Exempt income This is income that you do not pay tax on, although, some […]