So you have worked hard and paid off your home loan. It is important to know a few of the pitfalls with this especially if you are thinking of making that house a rental property in the future. Once a mortgage on a house is paid off in full, you cannot take a loan out […]
Below is a quick summary of the measures. Remember as always, these are not legislation until the Bill passes in Parliament. As history has proven we may not know until Christmas if this legislation is going to eventuate. The main areas affected this year are as follows: Individual Tax Payers Investment property owners First Home […]
There is a common misconception that just because you have an investment property or are thinking of purchasing one, that you can attend these seminars and then claim a tax deduction for the cost of doing so.
There has been some big changes to superannuation recently and whilst most of these changes won’t impact the average Australian, there is one change that we all should be aware of. It has long been a sore point for some time that clients can get into trouble due to their employer’s not paying their superannuation. […]
From the 01 July 2018 you will be allowed to make “catch up” concessional contributions. If you have a superannuation balance of less than $500,000, you will have the ability to carry forward your unused concessional cap for up to five years! The first year in which you can access unused concessional contributions is the […]