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 Australians will receive a tax refund and usually that refund is quite healthy (in excess of $2000 on average). While it makes good sense to engage with a Truganina accountant to make sure that you get every cent due…
ARE YOU AWARE ABOUT THE TAX DEDUCTIONS YOU MAY BE ABLE TO CLAIM? Everybody knows that to reduce their tax bill, they need to claim as many genuine and justifiable tax deductions as possible in their tax return. The trick is in knowing what deductions you can legitimately claim.Most people know that there are some…
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…
