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,…
What is the Margin Scheme?
The margin scheme is a method of calculating the Goods and Services Tax (often abbreviated to GST) that needs to be paid when they sell a property through their business. The margin scheme is only applied if the property’s sale…
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…
Paying Tax on Foreign Income
When you are earning foreign income (from overseas) and are an Australian resident, you need to declare this on your Australian tax return. While the ATO will be able to help you to determine if you qualify as an AU…
Tips to Get Back in Control of Your Retirement
Has the recent increase in the eligibility age for the Age Pension put a damper on your plans? Here’s our guide on how you could avoid missing out as a result of the changes. What’s Changed Exactly? Over the course…
How to Use Single Touch Payroll
Single Touch Payroll (STP) is a new accounting method introduced to employers to make the reporting of employees' tax and superannuation information to the Australian Taxation Office easier. Using accounting software that makes use of STP, employers can now send…
Money Matters for 2019
The start of a new year is a great time to overhaul your financial situation. Why not take a look at some recent changes and enjoy new opportunities for 2019 and beyond. First Home Deposit Voluntary contributions made to superannuation…
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…
The Real Value of Advice
Watch this case study to get an insight into the real value of getting good financial advice: The Real Value of Advice Case Study from Millennium3 on Vimeo. Lindale Insurances Pty ltd ATF Lindale Insurances Trust ABN 27 027 421…
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…