by Financially Sorted | Sep 24, 2024 | Interest Rates
Over the past few weeks, the politicians have weighed in on the Reserve Bank of Australia’s economic policy and their resistance to reduce interest rates in the face of community pressure. We look at what the numbers are really showing. Australian mortgage holders and...
by Financially Sorted | Aug 27, 2024 | Economy, Small Business
In today’s economic climate, many small business owners are seeking additional sources of income to alleviate cash flow challenges. One potential solution is passive income, which can provide financial support with minimal ongoing effort. Let’s take a...
by Financially Sorted | Aug 27, 2024 | ATO, Business, Single Touch Payroll, Small Business
Managing payroll is essential for any small business. It ensures your team is paid correctly and on time, and it keeps your business compliant with the ATO. However, payroll can be tricky, and mistakes can lead to financial penalties and unhappy employees. Here’s a...
by Financially Sorted | Aug 8, 2024 | Property Investment, Tax & Accounting
Under the main residence exemption your family home is exempt from capital gains tax (CGT) when you dispose of it. But, like all things involving tax, is it ever that simple? A home is generally considered to be your main residence if: It is where you and your family...
by Financially Sorted | Aug 8, 2024 | Property Investment
Finding the right investment property for you is different from finding your own home. At the end of the day, the objective of buying an investment property is to make a decent financial return – whether that’s through rental income and / or capital growth. That’s why...
