Zachary McWhae

company cars

How GST Applies to Business Vehicle Purchases and Leases

Seems like navigating tax laws as a business owner is like going through a maze, considering it involves buying and leasing vehicles. Understanding the nature of the Goods and Services Tax (GST) applicable for such transactions can be useful for businesses in planning sound financial decisions and avoiding nasty surprises at tax time. This is […]

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young worker

Top Money Management Mistakes Young Workers Make—and How to Avoid Them

Joining the workforce is a milestone occasion, especially for young people entering technical professions and skilled trades. As exciting as earning a regular paycheque is, young workers will probably fall into the same old traps when it comes to spending and saving their money. Knowing how to avoid these early blunders can lay the groundwork

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freelance tax

Freelancer’s Guide to Tax Management: Tips for Independent Contractors

The freelance life is pretty good. You get to call the shots, work on projects you love, and build something truly yours. But, along with all that freedom comes a bit of responsibility—especially when it comes to your taxes. Unlike traditional employees, you don’t have an employer taking care of your PAYG (Pay As You

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Key ATO Compliance Tips for New Business Owners

Key ATO Compliance Tips for New Business Owners

An Australian new business venture is not all about drive and imagination. It also means having a solid understanding of your taxation. From registering your business in the correct manner to lodging your first tax return, the Australian Taxation Office (ATO) has stringent compliance requirements that you will need to adhere to. Having them running

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couple renovating

Can Renovation Costs Be Claimed on Your Tax Return?

Renovating a property is a major outlay, and it’s only natural to ask if the expense can be recouped through tax benefits. For most Australian homeowners and investors, knowing the tax implications of renovation costs is essential to making smart financial choices. Whether you’re renovating a kitchen, sprucing up a rental property, or building an

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Wondering about green investments in Australia?

Uncovering Financial and Environmental Gains: The Tax Benefits of Green Investments

Green investing has shifted from a niche interest to a smart strategy offering real tax benefits. Nowadays, investors and businesses in Australia can enjoy various financial incentives to maximise returns while reducing their environmental impact. So, if you want to make the most of eco-investing, it pays to understand the tax advantages that come with

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A tax advisor can help integrate tax-loss harvesting into your investment portfolio management.

Maximising Investment Returns: The Benefits of Tax-Loss Harvesting

Investing is about more than just growing wealth—it’s also about managing tax effectively. Tax-loss harvesting is one of the most effective strategies for tax optimisation, allowing investors to offset capital gains and lower their overall tax liability. It can be notably effective for those with diversified portfolios, especially when markets fluctuate. Today, we’ll explain how

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training course

Maximising Tax Benefits for Education and Training Expenses

Educational and professional course investments are essential towards career progression. Many Australians ignore the taxation incentives of carrying out courses or training when seeking improvements in livelihoods. Properly knowing one to claim allowable education-related costs is key towards curbing taxable incomes and boosting fiscal security. Understanding Education Tax Deductions The Australian Taxation Office (ATO) permits

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eofy tax australia

EOFY Checklist: How to Prepare for Tax Season Like a Pro

The end of the financial year (EOFY) may be a source of stress and anxiety for all individuals and companies. Tax deadline approaches, together with the process of reviewing and checking financial documents, require accuracy in all affairs. A systematised tax season makes things much less difficult and maximises deductions while at the same time

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last will and testament

How to Minimise Taxes on Your Retirement Savings for Your Heirs

Passing on retirement savings to heirs is an important consideration when planning for the future. Without proper strategy, this will leave tax liabilities to heirs that may drain much of what the inheritance originally intended to transfer. The proper approach to determine how retirement savings are taxed would begin with getting an understanding on how

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