Commissioner finalises his view on expenses associated with holding vacant land
Background Section 26-102 was introduced effective 1 July 2019 to address integrity concerns regarding the availability of evidence to substantiate taxpayers’ intent in respect of holding costs deducted in connection with vacant land. Essentially, there was necessarily a heavy reliance on ...
Are your Sums Insured Accurate?
Do you have enough cover? Underinsurance is unfortunately common in Australia, making it difficult for those Australians who are underinsured to resume their standard of living – whether it’s rebuilding their home or replacing belongings to the same standard – if their property is badly damaged ...
Financial Wellbeing Is A Gift Worth Giving Yourself
The festive season is a time of joy and celebration but, for some, it can also lead to a financial hangover in the New Year. Click here to find out how to rein in Christmas spending.
How much will your home really cost?
Sitting down? Good. We all know we pay interest on home loans but looking at the total paid out over the life of a loan can be like looking into the sun. Brace yourself, because Canstar have put on their sunnies and crunched the numbers to calculate home buyers taking out an average ...
Unleashing the Power of Browsing: A Dive into Edge and Chrome
Microsoft Edge and Google Chrome – these two titans have revolutionized the way we interact with the internet, offering a plethora of features that go beyond the basics. In this article we will go through the finer details and uncover some hidden gems. Logging in: A Gateway to ...
Discounting your capital gain
The capital gains tax (CGT) discount can reduce by 50% a capital gain that you make when you dispose of (sell) a CGT asset that you have owned for 12 months or more. However, the discount is only available to: individuals (but not foreign or temporary residents) complying superannuation funds ...
If you are injured can your business survive?
As a tradie, you know that you cannot operate without your equipment and tools, so it makes sense to cover these items with an insurance policy. However, what about protecting the most important thing in your business, you. How long would your business last if you are injured in an accident or ...
Adobe Acrobat Pro: The Ultimate PDF Solution
In the digital age, the importance of efficient and versatile PDF software cannot be overstated. Among the many PDF solutions available, Adobe Acrobat Pro stands out as a powerhouse, offering a wide array of features that cater to both individual and business needs. One of its features is the ...
First-time homebuyers
Whether you are an individual or a family looking to purchase your first home, you may be eligible for various incentives and grants to help with the process. Home Guarantee Scheme The Home Guarantee Scheme, or the First Home Loan Deposit Scheme, is a government initiative designed to help ...
How The Aussie Dollar Moves Your Investments
It has been a wild ride for the Australian dollar since the Covid-19 pandemic struck and that could mean good news, or bad news for your investment portfolio. Click here to read how these changes might affect your portfolio.