GST Costs When Subdividing Land
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,…
Getting a Personal Insurance Plan Before Turning 35
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…
Common Tax Mistakes When Purchasing a Business
Congratulations! Purchasing an established business or franchise, you have avoided the headaches of starting a business from scratch. You already have customers, revenue and by-passed some of the most difficult times in owning a successful business. However, avoiding common tax…
Five Ways to Stick to Your Financial Resolutions
Setting a financial goal for the New Year? Take steps to make it work. It’s that time of year when we set new goals or dust off old ones. But how can we boost our chances of sticking to our…
The Importance of Having a Valid Will
When it comes to protecting your loved ones in the worst-case scenario, having a valid will can be extremely important. Obtaining the right advice and guidance to create a legally binding document can offer you and your family peace of…
Managing Finances When in a Relationship
Sharing the costs of living with a partner can be an exciting time – and with so many ways to split, contribute and maximise savings; most couples may find their opportunity to bring their own level of support to the…
Saving Hacks for Retirement When You Have Children
When you are hoping to start saving for your retirement, you may feel like other things take priority when it comes to setting money aside. This tends to be especially true when dependents are involved, with the costs of raising…
Have You Lost Track Of Your Superannuation Account?
With around 14.8 million superannuation accounts in existence throughout Australia, there is an estimated $18 billion dollars of unclaimed funds – and this can sometimes be found in forgotten and secondary accounts. Could you be missing out on a lump…
Tackling False Employment-Based Clothing Tax Deduction Claims
The rules and regulations of tax deduction in terms of employment attire have been called into question, leading the Australian Taxation Office to review work-related clothing and laundry expense claims. Why do changes need to be made? Last year alone…
Coping With Redundancy
Being made redundant can be frustrating and highly stressful, but the process can be made easier with a little help and some simple financial planning. Getting to grips with your financial standing The first thing to do when facing redundancy…