by Team Garnet | Nov 4, 2025 | ATO, Tax News, Tax Time
Many people getting their tax notice of assessment wonder why they see amounts for the Medicare levy and Medicare levy surcharge. Let’s break these down to help you understand who pays them and how private health insurance can affect your tax return. Medicare levy The...
by Team Garnet | Oct 14, 2025 | ATO, Small Business, Tax News, Tax Time
As a business owner you’re probably familiar with Australia’s goods and services tax (GST) and its implications on your operations. However, when it comes to vouchers, the GST rules can be a bit more complex. If your business sells or buys vouchers, it’s...
by Team Garnet | Oct 7, 2025 | Superannuation
Sharing your super. Are you aware that you or your spouse may be able to split your collective superannuation balances evenly between you to increase the lower balance fairly? Here’s how! Thanks to the Tackling the Gender Super Gap Bill recently introduced into...
by Team Garnet | Oct 1, 2025 | Investments
If you’re an investor receiving dividends from Australian companies, you might be entitled to a refund of franking credits – and the good news is that you might not even need to apply for it. If you don’t need to lodge a tax return the ATO may...
by Team Garnet | Sep 25, 2025 | Business Structures, Investments, Small Business
Are you a small business owner planning to invest in new equipment or technology? The good news is that the government is planning to extend the $20,000 instant asset write-off by a further 12 months until 30 June 2026. This measure was announced by the Treasurer as...
