People often tell us about the renovations that have been done to their investment property: "I've refurbished the bathroom, completely renovated the kitchen, polished the floorboards", etc. There is some confusion about how renovations are [...]
Accountants need to be across a new foreign resident capital gains tax collection mechanism which came into effect on 1 July 2016. It impacts upon purchasers of direct interests in property but is also relevant [...]
As we move through life, find a partner, raise a family, and maybe start a business, slowing down, moving or even sudden death can impact us in many different ways. That’s because insurance is all [...]
Superannuation remains a very tax effective investment vehicle, with a maximum tax rate within the fund of 15% when the relevant rules are complied with. It may be hard to believe, particularly with all the [...]
It was the Reserve Bank's first meeting in 2017, as the board does not meet in January. The decision came as absolutely no surprise, with all 72 economists surveyed by Reuters expecting the cash rate [...]
If you have already purchased your first home, congratulations! The next step in building wealth for your future could be to plan for the purchase of a second property as an investment. Owning two properties [...]
With another Christmas celebrated and already showing up on our waistlines, a common topic of conversation for many of us in January is our New Year resolutions. Whether it’s a pledge to give up smoking, [...]
Salary packaging can help a company become and continue to be an employer of choice. Salary sacrificing cars is a key element of this strategy, both for wealthy families and for unrelated employees. Let’s assume [...]
Centrelink’s Pension Loan Scheme allows a retired person on a part age pension to borrow against the security of their home (or other property) at 5.4% pa interest to subsidise their living costs. The amount [...]
The ATO reminds business owners to ensure they declare all cash and online sales in their tax return, including money they have earned from participating in the sharing economy. “If for example, you are renting [...]
