There needs to be the necessary nexus (connection) to your current income for these expenses to be claimable. This means that the self education needs to help you in your current job and not be undertaken to open up new job opportunities.
Child care expenses are not claimable as a tax deduction. Eligible taxpayers may be able to claim the Child Care Tax Rebate (CCTR) through the Family Assistance Office.
Provided that you satisfy the eligibility criteria, you will be able to claim a deduction for the contributions you have made to a complying superannuation fund or retirement savings account. To do so you must be fully self employed or no more than 10% of your assessable income (including Reportable Fringe Benefits and Reportable Superannuation Contributions) is from an employer. You must also have first notified your superannuation fund of your intention to make the claim and received a confirmation.
Businesses with an annual turnover of $75,000 or more are required to register for GST. If your business has a lower turnover you are not required to register but you may do so if you wish. You will only be required to charge your customers GST if you are registered. Karis Tax office can assist you with your application to register for GST.
You should lodge your outstanding tax returns as soon as possible and before the Australian Taxation Office takes any action to have you lodge these tax returns. Once they have begun any action, it could result in a court conviction. The ATO may charge a penalty of $170 for every 28 days that the return is outstanding. The maximum penalty is $850 even if you are due a refund. In addition, the ATO will charge interest. This is called the general interest charge and is levied on any outstanding monies. The rates can be found via this link. Karis Tax office can assist you to lodge your outstanding prior year returns.
Min. - $450 gross per month Max. - $120,000 gross per year, approx. There are also minimum and maximum age limits, please contact us for further information.
No, please contact our office for advice.
We can set that up for you. This includes ABN, GST (if required), public liability or professional indemnity and insurances as required.
$2,162 for the 2015 financial year. This offset is being phased out and is only available to taxpayers who received the offset in the prior financial year.
It isn't necessary but it is helpful as they can assist with family details. There are a number of questions concerning dependants, dates of birth and medical details.