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Avoiding tax shock with PAYG instalments

Avoiding tax shock with PAYG instalments

Season 1 Episode 106 Published 8 months, 2 weeks ago
Description

Think you’re on top of your tax, but then get hit with a surprise bill? You’re not alone. The Bongiorno Group’s Chantelle Turner and Helen Cheng break down the mystery of PAYG instalments – what they are, who needs to pay them, and how to avoid the dreaded “catch-up” payment. Whether you’re a doctor with private billings or a sole trader with ABN income, understanding how the ATO calculates and collects tax throughout the year can save you heartache at tax time. 

The Money Doctors is proudly brought to you by leading financial services organisation the Bongiorno Group, the preferred tax and accounting partner for the Australian Medical Association Victoria. 

For more information, please call 03 9863 3111 or visit https://bongiorno.com.au/  

This general advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of this advice before acting on it. If this general advice relates to acquiring a financial product, you should obtain a Product Disclosure Statement before deciding to acquire the product. 

See omnystudio.com/listener for privacy information.

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