Are you aware of the 6 year rule and how it can impact your capital gains tax? If you own an investment property that was once your main residence, this rule can offer you significant financial benefits. Let’s dive into…
As a first home buyer in Australia, I’m excited to share with you how you can unlock government grants to make your dream of owning a home a reality. The Australian government offers various grants and incentives to support first-time…
Why you might consider setting up a self-managed super fund (SMSF) A self-managed super fund (SMSF) is a private super fund that you manage yourself. SMSFs are different from industry and retail super funds, as you have complete control over…
Welcome to our guide on the personal lending market in Australia. When it comes to borrowing money, there are a plethora of options available to individuals. However, navigating the world of loans can often be overwhelming and confusing. That’s where…
Upcoming Tax Deadlines for Australian Businesses As we approach the end of February, Australian businesses are reminded of several important tax deadlines fast approaching. These deadlines include: 21 February: The deadline to lodge and pay the January 2023 monthly business…
Happy New Year, everyone, as we are entering a new year. It is some deadlines for business owners in Australia. 21 January Lodge and pay quarter 2, 2022–23 PAYG instalment activity statement for head companies of consolidated groups. Lodge and pay December…
The 2022 Fringe Benefits Tax (FBT) return is slightly different from what you have lodged in the past. 2022 Fringe Benefits Tax due date If you have an FBT liability for the FBT year ending 31 March 2022, you must…
Australian residents for tax purposes are subject to a Medicare levy of 2.0% of their taxable income unless they qualify for a reduction or exemption. However, some taxpayers may be qualify for for a reduction or exemption Medicare levy reduction…
Changes on superannuation guarantee From 1 July 2022, employers will need to pay super to their employees who earn less than $450 per month, provided they meet other eligibility requirements. This change expands super guarantee eligibility so that employees can…