If you want to rent out your home, or even a part of it, the rent you charge will be considered as assessable income for your tax return. This means that the money earned will need to be declared just…
The two variants of small business benchmarks that have been developed include: Performance benchmarks – which apply to all different industries across the country. Input benchmarks – which only apply to tradesmen and women undertaking domestic tasks and buying their own resources…
A good Financial Planner will typically offer an initial meeting and this is your opportunity to understand what they could do for you. From learning about their professional experience, right through to exploring their credentials, gauging how well you might…
It’s not uncommon for people of all ages to enlist the help of a Financial Planner; typically to help get their finances in order and prepare themselves for a comfortable future. Most Financial Planners can help in a number of…
It’s not uncommon for business owners to consider modifying the structure of their enterprise; from turning a sole trading service into a limited company, through to merging as a partnership. In these cases, there are correct and incorrect ways to…
In Australia, being a resident for tax purposes doesn’t necessary correspond with any residency permits that you may have, so understanding which bracket you fall into can make a lot of difference. Below is a guide on the varying categories…
Grief is generally the number one thing you’ll feel when you lose someone close to you, but for women who lose their husbands, there may also be a fear of whether they’ll be able to handle their finances without their…
Saving money is something that almost everyone strives to do – and fortunately, there are often plenty of ways that a person could reduce their outgoings to save a little extra cash. Because of this, keeping a few money saving…
Subdividing a block of land can be a way to make extra cash on a part of land that may not be used otherwise. Usually, the profit made from selling this subdivided piece can either be counted as capital gain,…
While having a personal insurance plan at any age can be a wise idea, those who are close to reaching the age of 35 should definitely consider it. Why? A major insurer, TAL, recently released statistics that showed that, for…