Individual Tax

Your go-to source for all things tax. Get expert advice and stay up-to-date on the latest Australian tax laws and strategies with our team of experienced tax accountants.

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What does the HECS debt reform mean for your 2024FY tax return?

Reduction in HESC-HELP indexation rates for the 2023FY and 2024FY
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Can foreign residents buy a property in Australia?

What are the surcharge purchaser duty, foreign investment fee, and vacancy fee?
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What kind of taxes & duties come with buying a property?

When buying a property, you may encounter various expenses such as transfer duty (commonly known as stamp duty), land tax & council rates.
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Income Tax & CGT implications of Airbnbing your property

What are the tax implications for running an Airbnb business at your property?
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ITAA 25-5: How to claim a deduction for your company tax-related expenses in your individual tax return

Are public officers allowed to claim the company’s tax-related expenses on their individual tax return?
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Fringe benefits tax on cars

Statutory vs operating cost method
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Car Tax 1: Cents Per Kilometer Method vs Logbook Method

There are two methods to claim car expenses: the cents per kilometre method and the logbook method
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Marginal Tax Rates and Super Contribution Rates for the 2024FY

Marginal Tax Rates and Super Contribution Rates for the 2024FY
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Is Online Content Income Taxable in Australia?

Is Online Content Income Taxable in Australia? 
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How to pay no capital gains tax when selling your rental property

How to pay NO CGT when disposing of your rental property?
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What is the difference between the Medicare levy and the Medicare levy surcharge?

The Medicare levy surcharge is not to be confused with the regular Medicare levy
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How to deduct more this tax time as a hospitality worker.

Does your boss require you to plug your phone in and play music throughout your shift? Then you’re in luck, keep a logbook and claim the work use % of your spotify subscription fee’s.
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How can I reduce my taxes for the 2023 financial year?

The first thing you should absolutely avoid, is playing silly buggers with areas of taxation that the ATO is knowingly targeting.
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How will the expiry of the low middle income tax offset affect my taxes in the 2023FY?

The generous low and middle income tax offset (LMITO) of up to $1,500 has expired and will not be available for the 2023 financial year.
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Best Accountant in Wollongong

If you are a person or business in Wollongong or surrounding suburbs looking for the best accountant for your situation, you should consider the size and complexity of your affairs, future goals and budget.
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Revised WFH Expenses 2023FY

Starting from 1 July 2023 the Australian taxation office will only accept 2 methods of claiming work from home expenses:
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Is private health insurance in Australia worth it from a tax perspective?

Private health insurance will most likely save you money if you earn over $90,000 a year.
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Australian Income Tax Rates 2022FY

This article gives a summary of the different rates for different classes of Australian taxpayers in the 2022FY.
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How to File your taxes when you're an Australian living in the U.S - 2021

This article is for the expats, E3, J1 and O1 visa holders and any other Australians who are living temporarily in The U.S with plans to eventually return to their permanent base in Australia.
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Payroll entitlements for full time & part time cafe / restaurant staff in Australia.

Full time employees are employees who are hired on a permanent basis and usually work 38 hours a week. Part time employees are hired on a permanent basis but work less than 38 hours a week and are entitled to the same benefits as full time employees but on a pro rata basis.
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A guide to tax offsets and deductions for Australian farm and agricultural workers.

Living and working in remote towns of Australia has its own set of challenges, rewards and experiences. It also has its own tax offsets and tax deductions.
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Payroll Entitlements For Casual Cafe and Restaurant Employees

Have you just moved to Australia and are unsure of your payroll related entitlements in your new hospitality job?
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How am I taxed if I work between the US and Australia? A detailed breakdown.

Many Australians have business or employment between The United States and Australia, given the steady relationship between the two countries and specific visas extended to Aussies such as the E-3 professional working visa.
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Redundancy Payments | CTK Accounting

Redundancy is when the JOB the employee performs is no longer necessary to business operations.
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Awards & Overtime Explained

Most business owners will at some point be forced to deal with ‘awards’ and more complex overtime and benefit accrual situations for their employees then they previously imagined.

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We know life is too complicated already, without trying to understand Fringe Benefits Tax. That’s our job – and we love helping small businesses get more out of life. More time, more money, more freedom, more control.

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