Starting a new business can be an exciting but also daunting time for individuals apprehensive of their newfound tax obligations and responsibilities. For instance, an important responsibility of individuals working for themselves is to calculate, withhold and remit tax on their assessable income to the Australian Taxation Office (ATO), whereas employees can rely on their […]
Considering the modernity of digital content creation as an income-producing activity, it’s not unusual to encounter uncertainty among content creators regarding their tax obligations. In addition to its unprecedented nature, confusion arises due to the fact content creation is a rather unique source of income, as portrayed by the many ways a creator can generate […]
Before we delve into the question of whether a non-resident is required to lodge an Australian income tax return, a prudent first step would be to determine whether the individual in question is a non-resident for taxation purposes. The Australian Taxation Office (ATO) has in place four residency tests to assist individuals in determining their […]
Over the past decade, short-stay accommodation sites such as Airbnb and Stayz have skyrocketed in popularity, prompting investors to consider the potential benefits of advertising their own property or room on a like-minded site. However, we here at Francis A Jones recommend that potential investors consider the tax consequences of short stay accommodations before doing […]
Francis A Jones
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