property investors and landlords
How Much Money Can Make From Property Investment?
Investing in property is considered one of the most stable and lucrative ways to grow wealth in Australia. Here are some key benefits: 1. Capital Growth Investing in the right property can lead to significant capital growth over time. As we’ve seen from the growth in markets like Perth, Brisbane, and Adelaide, property values in…
Read MoreWhy Invest in Property in South Australia?
South Australia has emerged as one of the top performers in economic growth, making it an ideal location for property investment. Whether you’re a seasoned investor or just starting, the state’s robust economy and growing demand for housing offer exciting opportunities. Strong Economic Growth According to the latest CommSec State of the States Report (January…
Read MoreHow Much Tax Do I Need to Pay?
How to save tax in business using a company From the 2023–2024 financial year, most small businesses in Australia are taxed at a reduced rate of 25%, while larger companies pay 30%. Whereas individual takes rates are higher than this from each dollar over $45000 The above rates do not include the Medicare Levy…
Read MoreYour Guide To Choosing The Right Accountant
Selecting the Right Accountant: Key Considerations for Financial Success Choosing the right accountant for your personal and professional needs may seem daunting but it is a necessary step for you to maximise your current financial position and proactively plan for your future. The right accountant can do a lot more for you besides preparing your…
Read MoreStage Three tax cuts
Tax cuts 2024 Tax Cuts are meant to be here from 1/7/2023 Just to refresh, here’s a simplified version of what the brackets are now: Earn up to $18,200 – pay no tax Earn $18,201 to $45,000 – pay a 19 per cent tax rate Earn $45,001 to $120,000 – pay a 32.5 per cent…
Read MoreTimes are tough finances ideas
Times are tough finances ideas – Ways to save explained. Ever wondered what more you can do to combat the ever increasing cost of living? With the ever increasing cost of living, Romeo Caporaso explains vital areas of your finances to review.
Read MorePay as you go Tax Instalments explained
Pay as you go Tax Instalments explained Listen to our quick lesson on pay as you go tax instalments including how they work and how the ATO automates them in certain circumstances.
Read Moretaxable income and adjusted taxable income difference
Taxable income and adjusted taxable income differences, explained. There is a common confusion over the difference between adjusted taxable income (used for non tax calculations such as government payments, family benefits , child support and private hospital government contributions) and taxable income which is used for tax on income. Taxable income is income less deductions…
Read Morehow to better claim common tax deductions
how to better claim common tax deductions This tax season is going great so far. The ATO are seemingly quiet and are processing some tax returns as quickly as 5 days. Some areas to prepare your deductions before your tax return appointment are: Doing a diary of working from home hours and…
Read MoreShare investing ideas
Share investing Are you thinking of starting a share portfolio? Or if you aren’t yet, then perhaps you should be. I must say being an accountant, I began to take notice when seeing my clients show me their substantial share portfolios, often commencing them as late as their fifties. Reasons why you would invest in…
Read MoreWe are now Gold partners of Xero Software
Gold partners of Xero Software We recently became Gold partners of Xero. This means we have many Xero business clients and are Xero proficient. Feel free to meet us if you want an accounting partner to support your business and use Xero. Find out more about Xero in our demonstration Introduction to Xero | Tax…
Read MoreWhy to own investment property in Self manged Super Funds
Something you need to know if you are growing an investment property portfolio. Find out what here… Let say Luigi and Maria Retire with 8 rental properties owned outright Sounds great But if they owns them individually They could still have a high taxable income Lets assume 40k taxable income each So that…
Read MorePlanting the trees of investment to accumulate wealth
The key to creating wealth is Investing Are you interested in accumulating wealth? Whatever your circumstances or age, the key is invest, invest and invest and soon your investments will be strong and continue growing like trees. Here are some quick tips: Whether you are in business or employed are irrespective of your income…
Read MoreUnknown Secret as Why You Should Have a SMSF
Little known reason why SMSF work Many of you may be aware in the world of Superannuation that the uptake of Self Managed Super Funds (SMSFs) continues to grow in the number of funds across Australia. Self-managed super funds stack high in terms of value in the total of Superannuation funds held in total in…
Read MoreWork From Home Tax Deductions explained
Work From Home Tax Deductions explained We understand that due to COVID-19 your working arrangements may have changed. If you have been working from home, you may have expenses you can claim a deduction for at tax time. Home Office deduction on tax return: requirements, records to be kept, what can be claimed. why…
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