Australia
Investing in shares 101

By William Buck on 04/11/20 - Mins to read: 2 minutes

Investing in shares is one of the most popular ways to invest, especially for the younger workforce with less familial responsibilities and more cash to spare. Besides, there is only so many Avo toasties you can buy. But before going all in, it is a good idea to understand how...
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Taking advantage of tax-deductible catch-up payments to super

By William Buck on 04/11/20 - Mins to read: 2 minutes

If you have not made use of the full $25,000 concessional (before tax) superannuation contribution cap, then we have some great news for you! Individual taxpayers can now carry forward any unused concessional super for up to five years. However, to be eligible you must have a total superannuation balance...
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Treatment of light meals provided to doctors

By Julie O'Reilly on 04/11/20 - Mins to read: 2 minutes

A question we are often asked by junior doctors is whether meals provided by their medical practice during work hours are deductible and is Fringe Benefit Tax (FBT) applicable. In this article, we take a look at the two main factors concerning income tax and FBT implications in regard to...
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Work related clothing, laundry and dry cleaning expenses

By Julie O'Reilly on 04/11/20 - Mins to read: 2 minutes

You may be entitled to claim deductions in relation to expenses you incur as an employee purchasing, repairing, laundering or dry-cleaning work-related clothing in your tax return. Deductions related to work-related clothing fall into four main categories: Non-compulsory uniforms typically bear the employer’s name and insignia. Although non-compulsory, they are...
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