The HELP indexation factor is a percentage applied to the outstanding HELP debt to account for inflation. This ensures the value of the loan remains consistent with the cost of living. Historically, the indexation factor was closely aligned with the Consumer Price Index (CPI), a measure of inflation.

Tax season in Australia brings with it updates and revisions to the tax rates that affect individuals, families, and businesses across the country. Recently, there have been significant changes to the Australian tax system, aimed at adjusting for economic conditions, inflation, and government policy goals.

For many individuals and businesses in Australia, managing tax obligations throughout the year involves making Pay As You Go (PAYG) instalments to the Australian Taxation Office. These instalments are prepayments towards expected income tax liabilities, spread out over the income year.

If you're looking to grow your superannuation, you may be considering making a Personal Super Contribution (PSC). This is where you directly contribute an amount into your super fund. This doesn't include contributions made through a salary-sacrificing arrangement.

The Australian Taxation Office (ATO) has recently introduced changes to the process of linking clients with tax agents, aimed at enhancing security, efficiency, and transparency in tax affairs. This post aims to provide clarity on the new client to agent linking process, its benefits, and how taxpayers can navigate these changes effectively.

Tax season can be a daunting time for many people, but with the right knowledge and planning, it doesn't have to be overwhelming. Whether you're a wage earner, small business owner, or property investor, understanding the nuances of the Australian tax system can help you optimise your tax return and ensure compliance with tax laws.