ANZ Employee Share Plans

Are you an ANZ employee (or former employee) who has participated in an Employee Share Plan? You’ve come to the right place. We can assist you with working out the tax implications for all ANZ share plans including: ANZ Employee Share Offer (Previously known as $1000 Share Plan) (ESAP) ANZ Deferred Share Plan ANZ Share … Read more

5 reasons to feel better about your late tax returns

Over the last few years Beyond Accountancy has helped a lot of people get their tax affairs in order. This experience has taught us a lot, not only about how the ATO deals with late lodgments, but how it makes people feel. Generally, the feeling is one of stress or anxiety, and it can be … Read more

The 457 health insurance trap

We refer to visas and the current rules for temporary migrants, but we emphasise that we are not government officials or migration agents, and you should confirm the details of this article with the relevant authority before cancelling or changing insurance. The author owns shares in a health insurer. Health insurance rules for 457 visa … Read more

Changes to PAYG Instalments

If you lodge a tax return and you owe tax, you may be asked to pay PAYG instalments. PAYG instalments are down-payments towards your estimated future tax. Who has to pay PAYG instalments? You have to pay PAYG instalments if: have repeating income, e.g. rent, interest, dividends, employee share grants, business income (but not one-off … Read more

Claiming self-education expenses

The question of whether study expenses are tax deductible can be a complex one. Claiming a deduction under the “self-education” section of your tax return involves fitting into strict criteria, and deduction thresholds apply. Self-education deduction rules The following summary is from the ATO website: Self-education expenses You can claim a deduction for work related … Read more