If you are anything like me, you have had countless nights wondering about the dos and don’ts of managing and owning rental properties. One of the hardest parts, I find, is deciding whether the big-ticket upgrades are to be claimed straight away or whether they go down as assets that you can claim depreciation on […]
Are Your Rental Property Upgrades Immediately Deductible or Depreciable Assets? Read More »
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
How GST Applies to Business Vehicle Purchases and Leases Read More »
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
Top Money Management Mistakes Young Workers Make—and How to Avoid Them Read More »
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
Freelancer’s Guide to Tax Management: Tips for Independent Contractors Read More »
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
Key ATO Compliance Tips for New Business Owners Read More »
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
Can Renovation Costs Be Claimed on Your Tax Return? Read More »
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
Uncovering Financial and Environmental Gains: The Tax Benefits of Green Investments Read More »
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
Maximising Investment Returns: The Benefits of Tax-Loss Harvesting Read More »
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
Maximising Tax Benefits for Education and Training Expenses Read More »
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
EOFY Checklist: How to Prepare for Tax Season Like a Pro Read More »
