radford tax logo
07 5495 4100 ◆

Testimonials

TOTALLY_AUTOMOTIVE_LOGO-1940x598

We have been with Radford Accounting for 12 years. Peter has helped from the very first day we commenced business and is always just a phone call away to guide us through.We have always been able to rely on great service from Peter and the team.

The Wilmington’s
Totally Automotive
www.totallyautomotive.com.au

Being a client of Peter Radford Accounting for many years now, I find Peter and all of his staff are approachable, and consistently demonstrate exceptional professionalism and dedication.  Utilizing their extensive knowledge of tax and accounting, they are able to provide reliable and expert advice with outstanding service.  I would recommend them without hesitation.

Sally York
Managing Director
Yorkbuild

maximise your business's value

latest news

PAYG instalments for business and investment income

Posted on October 29, 2020 by admin

Pay as you go (PAYG) instalments are payments you can make throughout the year to avoid accumulating a large tax bill to pay at the end of the year. Making these payments is a great way to budget for income tax and keep a healthy cash flow.

To qualify for PAYG instalments, you must earn over a threshold amount from your business or investment income (also known as instalment income).

The amount that you pay in PAYG instalments throughout the year will be offset against any owed tax for the entire year. But it is important to lodge your activity statements and pay all PAYG instalments before lodgment of tax returns if you want these to be included in your tax assessment.

There are two options for calculating and paying PAYG instalments:

radford tax associationsradford tax associationsradford tax associations