Tax season can often feel overwhelming, but it doesn’t have to be. With the right strategies and knowledge at your disposal, you can maximise your tax refund. At Ample Finance, we understand the intricacies of the Australian tax system and are here to provide you with practical tips to help you keep [...]
The Medicare Levy is a tax imposed on most Australian taxpayers to fund the country's public healthcare system, Medicare. It serves as a primary revenue source for the government to provide essential healthcare services to all Australians. The levy is calculated as a percentage of an individual's taxable income and is typically withheld by [...]
The Australian tax system is a comprehensive framework governing tax collection and administration in the country. The Australian Taxation Office (ATO) oversees this system, ensuring compliance with tax laws and regulations. Major taxes in Australia include income tax, goods and services tax (GST), capital gains tax, and fringe benefits tax. Income tax, the primary [...]
ATO guide to the 5 most common Tax Mistakes As tax time 2018 kicks off this weekend the Australian Taxation Office (ATO) has profiled the five most common tax mistakes and the personalities most likely to have tax time troubles. Assistant Commissioner Kath Anderson said it’s often simple tax time mistakes and misunderstandings that [...]