Tax planning (tax avoidance) reduces taxable income within the law. High earners and people with side hustles won’t need to worry, as several measures reduce taxable income. The most common tax planning strategies involve maximizing deductions and using tax credits, a proven way to lower tax expen...
Going on board with entrepreneurship is great; however, many entrepreneurs encounter difficulties that are often concealed, particularly concerning bookkeeping issues. New business owners usually need to pay more attention to the importance of keeping precise financial information, leading them to m...
When you submit your tax return every year, do you receive the entire tax refund you’re due? Are you seeking more tax relief, but aren’t sure where to begin and don’t want to be in trouble with ATO? In Australia, millions of taxpayers do not take advantage of legitimate tax deduct...
How to maximise your borrowing capacity? With house prices drifting higher to start the new year, trying to afford your dream home is getting harder. Fortunately, there are a number of things you can do to maximise your borrowing capacity without needing to increase your income. Start Budgeting When...
What is stamp duty? To buy a property you will need to pay a variety of fees and charges. One of the biggest upfront costs of a home loan is stamp duty. Stamp duty is a tax imposed by state governments in Australia on the purchase of assets such as real estate. This includes title transfers [&hel...