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
TAX ALERT: ATO ANNOUNCEMENT FOR “SIMPLER BAS” REPORTING ATO AnnouncementThe ATO has recently announced changes to the GST reporting requirements for small businesses, calledthe “Simpler BAS”. Thi
2017-12-01 simqiaoc
Goods and services tax (GST) is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia.Some of the goods like water, fresh meat and vegetables, bank fee, intere
2017-11-01 simqiaoc
ATO works out what ATO calls 'rebate income' to determine whether you are eligible for the seniors and pensioners tax offset.Your rebate income is the total amount of your taxable income plus
2017-10-01 simqiaoc
The Australian business number (ABN) is a single business identifier that allows businesses to deal with the Australian Taxation Office (ATO) and other government departments and agencies with on
2017-09-01 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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