Tax Tip – Investment properties and building depreciation
One of the most significant tax deductions that can get overlooked if you own an investment property is ‘special building write-off’ or more commonly known as depreciation on buildings. Any…
How to Finance Your Home Renovation
As the window begins to close to access the Government’s HomeBuilder grant, there is still enough time to capitalise if you’re looking to build or substantially renovate. Given that the…
Supporting Apprentices and Trainees wage subsidy extended
The Australian Government has extended and expanded the Supporting Apprentices and Trainees wage subsidy, to include medium-sized businesses who had an eligible apprentice in place on 1 July 2020. This…
Temporary home office expenses shortcut extended again
The temporary shortcut method for calculating home office expenses has now been extended to 31 December 2020, after it was due to expire at the end of September. Taxpayers have…
What are Genuine Savings?
Many first home buyers can often get caught out with the concept of genuine savings. When applying for a home loan, having a deposit that you’ve saved is something that…
2020-21 Federal Budget – What does it mean for you?
Last night the bar was set by the Treasurer, Josh Frydenberg, in his Budget when he delivered a plan to lead the economy out of the wilderness, by encouraging jobs,…
Why you need tax audit insurance
As promised, the ATO have begun their integrity checks on the validity of claims and applications for the various stimulus measures provided in response to the economic fallout of the…
How to make the most of your equity
One of the most powerful elements of property investing is that you can access the equity you have in your current property to continue to invest and grow your portfolio.…
How to Avoid Getting Your Loan Application Declined
One of the most frustrating things that could happen to a homebuyer is getting your application for finance declined. By this stage, you’ve already likely been to dozens of home…
Covid-19 early release of super extended to 31 December 2020
The Government had previously introduced a new compassionate ground of release allowing individuals to access their superannuation entitlements where those benefits are required to assist them to deal with the…