Your Tax File Number (TFN) is a critical personal identifier used for tax and superannuation purposes in Australia. It’s essential for managing your taxes, applying for jobs, and accessing various government services. Since your TFN is issued for life, it’s…
Owning a holiday home is an exciting investment opportunity for many individuals and families. Not only does it provide a getaway retreat, but it can also offer the potential for rental income when you’re not using it. However, owning a…
Stamp duty is an essential cost that homebuyers, investors, and property owners must consider when purchasing or transferring property. It is a state-based tax, and the amount payable depends on the value of the property being transferred. One crucial element…
Downsizing goes beyond simply moving to a smaller home; it marks a transformative life change that can bring both emotional challenges and a sense of liberation. The team at 3Two Projects, recognise the deeply personal nature of this process and…
Investing in property is a powerful wealth-building strategy, but it comes with its fair share of tax obligations. While the Australian Tax Office (ATO) provides various tax deduction benefits, understanding your tax liabilities and deductions can be challenging. Here’s a…
This year marks a momentous occasion for Roy A McDonald Pty Ltd Accountants & Fiducian Financial Services Doncaster as the business celebrates 60 years of dedicated service to the local community and beyond. Since its founding in 1965, the company…
If you have an Industry Super Fund, chances are you’ve been trusting your money with a fund that promises low fees and reliable returns. Industry Super Funds have been the go-to choice for many Australians, largely due to their strong…
When choosing the right business structure, it’s essential to consider your business goals, tax implications, risk tolerance, and future growth plans. Here's a breakdown of the four common structures in Australia: Sole Trader Ideal For: Individuals starting a small business…
In uncertain economic times, small businesses must make strategic adjustments to stay resilient. Here’s a summary of proactive strategies to navigate challenging periods: Enhance Cash Flow and Reduce Reliance on Debt Collect Receivables Promptly: Regularly follow up on late payments…
As we navigate life’s financial milestones, many of us ask: “Would I be better off with a financial adviser?” The Financial Advice Association Australia (FAAA) recently launched its “Better Off with an Adviser” campaign, highlighting the benefits that sound financial…