According to the Stress and Wellbeing in Australia Survey carried out by the Australian Psychological Society, financial problems are the leading cause of stress throughout the country. The five matters that trigger most Australians’ money worries and stress include home…
Recently, The Australian Tax office (ATO) sent out a reminder to ride-sourcing drivers regarding the importance of adhering to all of their stipulated tax obligations during this tax season. Focusing in the Right Places Assistant Commissioner Tom Wheeler stated that…
When the term, ‘independence’ is mentioned, what does it mean to you? Being able to retire from your job? Making all of your own decisions? Research carried out by ANZ on the topic of independence revealed a few interesting –…
Over the past few years, the amount of financial-related scams doing the rounds has increased substantially. The Australian Securities & Investments Commission (ASIC) has put together some basic information that will help you determine whether you are being contacted by…
Although many people are under the impression that the cost of aged care in Australia is already quite high, it has been suggested that if sufficient funds are not invested or injected into residential care within the next couple of…
The first time that foreign resident capital gains withholding applied to vendors who were disposing of specific taxable Australian property under contracts entered into was on 1 July 2016. A final withholding amount of 10% has since been applied to…
While many people have purchased investment properties and enlisted the help of a property manager and conveyancer, purchased landlord insurance and even replaced the locks, few of them are aware that they are able to claim depreciation of their property…
Although Tax Season occurs each year, not everyone is aware of what they are allowed to claim in respect of work-related expenses. As a result, many legitimate deductions are never claimed, meaning that the Australian Tax Office benefits from more…
The GFC has been noted as the worst global financial crisis to hit since the great Depression. It resulted in lending between banks coming to an abrupt halt, market shares falling by 50% or more and numerous financial institutions had…
Although most real estate employees are aware of their tax obligations, many of them are unsure of what they are permitted to claim with regards to work-related expenses. Below is some handy information regarding what counts as a work-related claim…