This tax guide for couples helps you determine whether you need to include your partner’s information on your next tax return. Read on to learn what you should tell the ATO this year… Who the ATO defines as a spouse for tax purposes is a common cause of confusion. Once you’re familiar with the definitions, […]
Your Tax and Finances
Your Tax and Finances: Money Tips | Budget and Savings | Superannuation | Rental Income
Death and Taxes – What You Need to Do
Any death in the family is a very difficult time for all involved. Apart from the emotional burden, there are also a range of administrative tasks that need to take place after a bereavement. This death and taxes article covers the main steps family members should take to ensure tax obligations are met. Death […]
Private health insurance rebate tiers to ease health cover confusion
At the beginning of April 2019, private health insurance had a much-needed overhaul. This focused on the introduction of structured health insurance rebate tiers. With confusion growing over what health insurance policies did and didn’t cover, the aim of the new health insurance rebate tiers system is to greatly simplify the process. Making purchasing the […]
Can You Still Claim your Laptop, Handbag or Briefcase as a Tax Deduction?
Yes, you can claim often claim your handbag for work as a tax deduction, as well as your other work bags. But don’t go shopping just yet! There are some important things to keep in mind. The basic rule for claiming a handbag or briefcase as a tax deduction is that it must be directly […]
The First Home Super Saver Scheme (FHSSS): your guide to buying your first home sooner
If you’re someone who’s been saving for a first home deposit, then there’s one scheme you should know about. It’s called the First Home Super Saver Scheme (FHSSS). The point of the scheme is to help people of all ages get into their first homes sooner. It was introduced by the Australian Government in the […]
Pay Off Your Credit Card or Invest? What’s the Smartest Move?
Is it best to pay off your credit card straight away? Or do you make more money by investing in a high-interest account or shares? When it comes to simple savings strategies, this should be one of the first questions you ask. And thankfully, we’ve got all the numbers to help you decide. Credit Card […]
$1,700 in Unpaid Super Every Year – Here’s What You Can Do About It
Would it bother you if your weekly or fortnightly pay was consistently 10% short? Once you noticed, would you do something about it? If you’re like most Australians, the answer would be a resounding “Yes!”. Here’s the scary part: this is exactly what’s happening to as many as one in three Australians. So, what’s the […]
Part 1 – 10 Easy Ways to Pay Less Tax
We asked our top tax accountants for the easiest ways to pay less tax to the ATO and keep more money in your wallet. They had a LOT of answers to help us all pay less tax. So read on it could help you save big $$$ this year Part 1: ‘How to Pay Less tax’. […]
Part 2 – Easy Ways To Reduce Tax: More Tax Deduction Tips
Here’s part 2 of our best ways to reduce your tax series: If you’d like to see the first half of the list, click here for part 1. Let’s look at more ideas about how to increase your tax refund this year. 6. Manage the timing of your tax deductible expenses If you know in advance that […]
The key to a better tax refund: Easy record keeping
These simple record keeping tricks can put extra money into your tax refund The ATO’s ongoing crack down on work-related tax deduction claims means that good record keeping is more important than ever. Get in the habit of keeping records organised during the year and at tax time completing your return is SO much easier […]
Live-in Landlord Tax Deductions: What you should know about rental income tax
Live-in landlords are common these days, as more and more people choose to lease out rooms in a house they own and live in. It can help pay the mortgage, cover the rising costs of living expenses and fill up space that’s otherwise unused. If you lease out part of your home, you’ll receive rent. This is […]
HELP Repayment Rates: How To Repay HELP Debt Quickly
Need help with HELP debts? Here are some tips on repaying your HELP debt… If you are one of many people who graduated university with a HELP (Higher Education Loan Program) debt, you might not be sure exactly what the steps are to repay help debt. It’s important that you know how to repay HELP debt, […]
Tax deductions for office admin staff – How to boost your tax refund
This one is for all the office administrators out there; the unsung heroes of EVERY business. You are the organisers, arrangers, schedulers and geniuses who bring order and process together to make everything happen how it should. Suffice it to say, without you, the office melts into chaos. (You’ve seen your boss stare blankly at […]
Find Lost Super – Do you have lost superannuation waiting to be found?
If you find lost super, it could give your retirement a boost. It might even mean you can stop working a bit earlier and enjoy your retirement that much sooner. Millions of Australians have more than one superannuation account (super fund). That can mean paying more fees and getting less growth in your savings. You […]
Hospitality tax deductions – now it’s our turn to look after you!
Who knew you could claim the sunscreen you slathered on during those open air functions last summer? Or the advanced barista course that made you the best coffee artist on the strip? We did – and that’s not all! Hospitality tax deductions put a big chunk of your hard earned cash back in your wallet […]
