Recent ATO Tax Initiatives

The Australian Tax Office has a number of recent initiatives that may impact on your 2009-2010 Tax return. Please read the following list and consider whether they may benefit or affect your tax return or entitlements. • Removal of the baby bonus – The baby bonus...

The Basics of PAYG Tax

Pay As You Go (PAYG) tax is comprised of two components, PAYG withholding and PAYG instalments. PAYG withholding is an employer’s legal obligation to withhold amounts from payments made to employees for income tax purposes, while PAYG instalments is a system for...

Are you eligible for the Family Tax Benefit?

The Family Tax Benefit is a payment which aims to assist families with the cost of raising dependent children. There are two parts of the Family Tax Benefit – Part A and Part B. Part A is the primary payment designed to help with the cost of raising children. It...