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RIDE SHARE – UBER/OLA/ DIDI – DRIVERS   Ride-sourcing, which is also known as ride-sharing, is an ongoing arrangement where a driver make a car available for public hire for passengers, using a third-party digital platform for payment (a fare). Rideshare driving has become very popular these days. Driver for a rideshare company is independent, […]

If you were able to accomplish your financial goals simply by putting money from your bank, you would not require a budget.  Unfortunately, life is slightly bit more complicated — it is difficult to comprehend the intricacies of investment, taxation and ever-changing principles and regulations, and that means you need professional assistance. That is as […]

OVERDUE TAX RETURNS: Do you have multiple year’s overdue tax returns to lodge? No Problem! We can assist you to lodge up to 19 years of overdue tax returns.  We can also help to apply for waiver of any penalty and organise a payment plan for you if you owe to ATO, and we can […]

Under the Jobkeeper Payment, businesses impacted by the COVID:19 will be able to access a subsidy to continue paying their employees. Eligible employers will be reimbursed a fixed amount of $1,500 (before tax) per fortnight for each eligible employee for the period beginning 30th March 2020 until 27 September 2020. TFP Tax Accountants commence the […]

Australian Government announced Stimulus Packages to support Australian economy through the challenge of COVID -19. These packages are designed to support individuals and businesses (Small to medium size) on this pandemic period.We have outlined main area of support for individuals & businesses. Stay tune, we will be clarifying all points in detail soon.  

Understanding the residency for tax purpose is bit complex. Firstly, you need to work out if you are an Australian or foreign resident for tax purposes.

Prime Minister Scott Morrison has signalled that getting his tax changes through parliament will be a top priority for his re-elected government.

Scott Morrison’s Liberal Party has held power in the federal election. Broadly, the Prime Minister’s economic and tax agenda is focused on preservation, compared to the reform roadmap proposed by the Labor Party.