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…
Did you know there’s an easy way to keep the good times coming in retirement?
Adding a little extra money into your super before you’re taxed – known as salary sacrifice – could really boost your balance for the future. Salary sacrifice is an arrangement…
An alternative way of building up your retirement savings
While most of us will hopefully accumulate enough superannuation throughout our working lives to have a comfortable retirement, many of us simply won’t have the funds there to splurge on…
New rules for the extension of the JobKeeper Payment
The Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No. 8) 2020 legislative instrument was registered last Tuesday, setting out the decline in turnover test for the extension of JobKeeper to…