Understanding Tax Rates in Australia

Understanding tax rates in Australia can be challenging, not to mention complicated if you are trying to work out your individual and business tax obligations simultaneously. In short, our tax system is progressive, which means the amount of tax you pay increases as...

Tax File Number application in Australia

Are you embarking on your journey into the great Australian workforce? Do you wish to be paid legally? Would you like some form of superannuation so you can rest your bones with confidence come retirement? Excellent choice – in that case, you’ll need yourself a Tax...

Understanding franking credits

In Australia, ‘franking credits’ are a unique aspect of the tax system and are basically designed to prevent double taxation on dividends paid by an Australian company to their shareholders. ATO franking credits explained A franking credit ensures that company profits...

Guide to Taxable Payments Annual Report (TPAR)

Depending on your industry, and whether you hire contractors, there’s a chance that you may need to file a Taxable payments annual report. So, what’s a TPAR? Who needs to file one? What’s the point exactly? Let’s dive a little deeper into taxable payment reporting....