Home office Occupancy expenses include:rentmortgage interestproperty insuranceland taxesRatesEmployees are generally not able to claim occupancy expenses. You can only claim the work-related proportio
2019-03-01 simqiaoc
Medicare gives Australian residents access to health care. It is partly funded by taxpayers.The Medicare Levy is a tax Australian residents pay to cover health care charges. It is payable on taxa
2019-01-01 simqiaoc
Businesses use activity statements to report and pay GST, pay as you go (PAYG) instalments, PAYG withholding and fringe benefits tax. Also non-business individuals who need to pay quarterly PAYG
2018-12-01 simqiaoc
If you sell a capital asset, such as real estate or shares, you usually make a capital gain or capital loss. This is the difference between what it cost you to acquire the asset and what you receive w
2018-10-01 simqiaoc
In addition to employees' salaries and wages, employers are required to pay superannuation contributions to all eligible employees. Superannuation is compulsory, so it is also calle
2018-09-01 simqiaoc
You can claim capital works deductions for construction costs for a rental property that satisfies certain conditions. When you start to have investment properties, you need to think about capital all
2018-07-01 simqiaoc
If you're a Senior Australian, you may be eligible for the seniors and pensioners tax offset (SAPTO).The SAPTO can reduce the amount of tax you are liable to pay. In some cases, it may reduce your
2018-03-01 simqiaoc
Pay as you go (PAYG) instalments is a system for making regular payments towards your expected annual income tax liability. It only applies to you if you earn business and/or investment income over a
2018-01-01 simqiaoc
Sim & Qiao Accountants and advisers was established in 2006 by Partners Hong Seng Sim and Yanan Qiao and is a Melbourne based business. Between them, Hong and Yanan offer over 15 years’ experience and are committed to achieving the very best financial outcomes for their clients.
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