Singapore-Australia Double Taxation Treaty
What is Double Taxation? Double taxation arises when two or more countries impose taxes on the same taxpayer in respect of the same taxable income. This results in the same
Category: Tax Advice
Top Tax Deductions for Residential Investment Properties in Australia
Whether you are new to owning an investment property or are a seasoned property investor with years of experience owning rental properties, here’s a list of tax deductions in alphabetical
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
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
How May I Pay Myself From My Business?
New to running a business and unsure how to pay yourself? Have you been regularly charging personal expenses to your business whenever you need to? Or do you simply take
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