Side Hustle Income And Your Tax Return
Tax
If you or someone you know began a side business (or “side hustle”) during the last financial year, you would have to meet the tax obligations that come with that business, along with the tax obligations of your primary business.
All…
New Rate Of Tax Concession For Super Balances Over $3 Million.
Super
Last week, the government announced a change to superannuation, introducing a new tax that will apply to member balances above $3 million.
From July 1, 2025, super earnings over $3 million will be taxed at 30 per cent, double the current…
Get Ready For Your FBT With Us
SuccessRegardless of whether you provide or not you provide fringe benefits to your employees, FBT season is approaching, and we’re ready to assist you with your tax return once again.
There are various types of fringe benefits:
Employees being…
When Should You Be Taking A Mental Health Break?
PeoplePeople won’t hesitate to take a break when their physical health is bad but are reluctant to treat their mental health equally.
Your mental health plays a massive role in your ability to work and maintain a positive lifestyle, so taking some…
Why Do People Salary-Sacrifice Into Super?
Super
Salary sacrifice is one of the most effective ways to add to your super balance. Salary sacrifice involves the employee agreeing to exchange a portion of their salary (before tax) for an increase in superannuation contribution by their employer.
Contributions…
Foreign Service & Income Declaration
Tax
Have you been employed by someone outside of Australia? If you have, you’ll likely need to lodge a tax return to declare any foreign earnings from foreign service.
Foreign service is the service Australian residents provide in a foreign…
Business Tax Losses: What Can You Claim?
Tax
Before you claim a tax loss for your business, you must ensure that you have correctly claimed the expenses to which you are entitled. If you overclaim expenses, your business can be put into an incorrect tax loss situation, which can make…
4 Strategies That Could Help Your Business Grow
Business
Creating a business is not an easy avenue to explore. It requires commitment, frequent planning, substantial financing and good business sense. However, not only do you have to think about the beginning of your new venture, but you also…
How To Save Better With Habit-Building Tips
MoneyHow you spend your money determines how well you can save your money. Spending more than you have or buying unnecessarily can severely impact how efficiently you can save. Sometimes you aren’t even aware of the small habits that limit your…
3 Myths About Inheriting The Family Home
LegalWhile receiving money from a family member who has passed away can sometimes be quite handy for those facing cash-flow issues, managing an inheritance is more often an emotional, financial challenge.
Not only do individuals have to cope with…
Are You Paying For Super Fund Fees You Don’t Need To?
Super
No matter the kind of super fund you opt for, or how it has been performing, you will be subject to super fees. Understanding how these fees work and the difference they can make to your nest egg is vital.
When it comes to super fund…
Jane L Noller & Co has an outstanding reputation for providing trustworthy, professional accounting solutions in Pennant Hills to a variety of clients.