Tax & The Sharing Economy The boom of online resources in the last few years has opened up a world of opportunity for cheaper travel, ride sharing and outsourcing.Termed ‘The Sharing Economy’, apps like Uber, AirBNB and Airtasker, have revolutionised the gig economy and supported a growing subset of freelance workers and landlords looking to…
GST free goods and services What is Goods and Service Tax? Goods and Service Tax is an indirect broad based consumption tax which was introduced by the Australian Taxation Office and stands for Goods and Service Tax, it is a tax of 10% on most goods and services sold or purchased in Australia. Who needs…
Make your Tax Return Count It may surprise you to learn that eight out of ten Australian’s tax return would have tax refund and usually that refund is quite healthy (in excess of $2000 on average). While it makes good sense to engage with a Melbourne accountant to make sure that you get every cent…
Do you need to issue a Recipient-Created Tax Invoice? Find out if you can issue one and how to prepare it! Anand Shukla As per the norm, tax invoices are created by suppliers themselves, they generally have a set pay by date and payment information along with the suppliers ABN number, invoice number, address…