Blog Posts by Tilak

Top Tax-Saving Tips for Australians: Maximising Returns and Minimising Liabilities

As Australians, navigating the complex terrain of tax obligations can often feel daunting, but with strategic planning and informed decision-making, you can optimize your financial situation while staying compliant with tax laws. Here are some expert tips to help you save on taxes and make the most of your hard-earned money: 1. Claim Deductions: One […] Read More

Tax Returns for Minors

Just like all Australians, minors (under 18) are liable for tax on assessable income, including wages earned, distributions received from trusts, or dividends received. In order to lodge a tax return, they first need to apply for a Tax File Number (TFN). This can be done via multiple avenues. Unlike adults, minors may not have […] Read More

Superannuation Reminder for Employers

You must pay super guarantee contributions for eligible employees. Super guarantee is in addition to salary and wages. You will need to pay: You may be able to use the free Small Business Superannuation Clearing House to make super contributions for your employees. You provide the contribution information for all your employees and make a single electronic […] Read More