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Australian businesses with an annual turnover of $75,000 or more are required to register for GST. If your business has a lower turnover you are not required to register, but you may do so if you wish. The exception is ride-sharing and taxi drivers, who need to register for GST irrespective of their turnover. You will only be required to charge your customers GST if you are registered. Your local Bookbrite advisor can assist you with your application to register for GST. Call 13 23 25 or use our office locator to find your nearest Bookbrite advisor and book an appointment online.

Most Australian businesses can claim fuel tax credits for running machinery, plant, equipment and heavy vehicles used in running that business. To be eligible to make a claim the business must be registered for GST and the claim should be made on the Business Activity Statement (BAS) that is required to be lodged. The amount that can be claimed will depend on the type of fuel and what it is used for.

The costs associated with seminars are tax deductible provided that they relate to your current income producing activities.

If you have salary sacrificed into super, the amount contributed is included in the reportable employer superannuation contributions amount shown on your PAYG income statement. This means that any entitlement you have to any benefits from Centrelink that are subject to an income test will take into account those amounts. Any superannuation contributions for which you have claimed a tax deduction will also be taken into account. These amounts also contribute to the calculation of any Child Support payments and are used to determine your liability to such things as the Medicare levy surcharge or repayments of HECS-HELP debts. They may also impact on any tax offsets that you are entitled to claim on your tax return.

To work out how much CCS you’re eligible for, the following factors are relevant: your family’s income the hourly rate cap based on the type of approved child care you use and your child’s age the hours of activity you and your partner do. The precise calculation is complex. You should visit the Services Australia website (https://www.servicesaustralia.gov.au/individuals/services/centrelink/child-care-subsidy/how-much-you-can-get) for details. The amount of subsidised child care you can access per fortnight applies to each child. The Child Care Subsidy percentage you are entitled to depends on your family income. For the 2024 year, Childcare Subsidy is payable for people with family income of $530,000 or less. The percentage rate payable is 90% for people with family income of $80,000 or less and will reduce by 1% for every $5,000 over $80,000.

Joint bookings for more than one person can be made through any of our booking channels. Simply select the ‘In Office – Multiple Years or Multiple People’ option when selecting your appointment type online. Alternatively, if you’re speaking with one of our consultants simply ask for a joint booking and they will schedule in an appropriately timed booking for you. If booking online enter the names of the second person (or more) in the Comments section.

A deduction is available for outdoor workers who buy sunscreen lotion, sunglasses and hats for use at work. The claim must be substantiated and apportioned for private use.