by Cindy Su | Mar 7, 2021 | Tax & Accounting
For many Australian sole traders, understanding your tax return and how your income is taxed will help you to make informed decisions about your money. The Australian income tax system is based on the self-assessment principle. This means the Australian Taxation...
by Cindy Su | Mar 7, 2021 | Tax & Accounting
Ever wondered if you have to pay tax on lottery winnings? Well, guess what, if you win tomorrow’s mind-blowing $100M Powerball draw, you can have all the winnings to yourself! Yay! According to the Australian Taxation Office (ATO), if you win in prize draws, raffles,...
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