Is Your Side Hustle a Hobby or Business?
Nearly everyone knows someone with a side hustle. Just to name a few examples, this may include backyard sale of plants, sale of home-made crafts via Facebook Marketplace, online sale
Category: Personal Tax Return
I am a Sole Trader. Do I pay myself a wage?
A sole trader is an individual running a business. It is the simplest and cheapest business structure. If you operate your business as a sole trader, you are the only
Private Ruling Applications
What is a Private Ruling? A private ruling is the Tax Commissioner’s opinion on how tax laws apply to a specific situation, scheme or transaction. Private rulings are different from
Tax Deductions on Loan Interest
The ATO states simply on their website that if you take out a loan to purchase a rental property, you can claim the interest charged on that loan, or a
Are you are Resident or Non-Resident for Australian Tax Purposes?
In order to have clarity on your tax responsibilities in Australia, the first step is to determine whether you are considered a resident or non-resident for Australian tax purposes. This