On May 14, 2024, Treasurer Jim Chalmers presented the Federal Budget tax update in Ryde for the forthcoming fiscal year. As we previously knew, individual tax cuts are the main item in this year's federal Budget. Beginning on July 1, 2024, all 13.6 million taxpayers will see a tax reduction...
How can I reduce my tax bill in Sydney?
Ah, Sydney! The city where the sun kisses the ocean, and the taxman, well, kiss your paycheck. If you're reading this, you're likely part of the Sydney-siders club who yearly scratch their heads wondering how to keep a bit more cash away from the ATO's clutches without playing hide and...
What Happens If I Don’t Lodge My Tax Return?
Tax season rolls around with the certainty of the sun rising, bringing with it a flurry of paperwork and the inevitable question: must I submit a return? For many, particularly those engaging with Taxara Accounting Service for guidance, this period can prompt anxiety and confusion. The consequences of not lodging...