These are payments made by businesses that have not withheld an amount or reported the PAYG tax to the ATO. Such payments are considered non-compliant and will make the employers ineligible for tax deductions.
Stressing out about one’s investments can also be a factor since investors are likely to worry about their portfolio. In many instances, though, the problem doesn’t lie in the actual investments; it’s in the investor. An individual’s behaviour can sabotage portfolio by committing investing mistakes.
Hear Modoras Accounting Director, James Morris and Modoras Associate Director and Executive Planner, Tony Sarai share insights into potential strategies for saving tax for both individuals and / or businesses.
Results from a recent survey found that businesses are spending way too much hours at work during the end of financial year. These practical tips may help you minimise EOFY stress for a more seamless transition to the new financial year.
The end of financial year is a crucial time for individuals and businesses to get their tax returns in shape. This is also a good time to do a quick rundown of the many opportunities for tax-saving so one can avoid the stress that comes with this super busy period.
Before the financial year comes to a close, individuals and businesses are presented with numerous opportunities to get the most out of their finances—from claiming tax deductibles to augmenting retirement savings.