Single Touch Payroll (STP) is an Australian government initiative aimed at simplifying payroll reporting obligations for employers. Also, the ATO provides resources and assistance to help employers transition to Single Touch Payroll. This includes STP-compliant software and understanding reporting requirements. Here’s a detailed explanation of what Single Touch Payroll is and how it works. What […]
Explore the Actual Cost Method for precise asset valuation and cost determination in accounting and finance.
Comprehensive guide for American expats in Australia on navigating different tax years, understanding local tax rates, and avoiding double taxation.
Explore ADF tax deductions to maximize your returns. Our guide covers eligible expenses, claiming tips, and updates for Australian Defence Force members.
Learn about tax deductions for apprentices, including tools, education, and travel expenses. Maximize your tax savings with our expert guide.
If you want to sell investment property in Australia, you will need to pay Capital Gains Tax. CGT is an integral aspect of investment planning, and knowing how it works can help you reduce its implications. Australia has set rules on when to pay CGT but on the flip side, there are some strategies which […]
Explore Temporary Full Expenses - the ideal financial tool for managing interim costs efficiently and effectively.
Get a refund on GST and WET for goods purchased in Australia with the Tourist Refund Scheme before leaving the country.