by Financially Sorted | Mar 28, 2023 | Tax & Accounting, Tax Returns
Tax time. it can be filled with a lot of confusion and questions, like why you need to lodge an income tax return? What do I get out of it? Lodging an income tax return is important for several, here are some reasons why. To comply with the law If you earn income...
by Financially Sorted | Feb 27, 2023 | ATO, Interest Rates, Land Tax, Property Investment, Stamp Duty
The rising costs of Land tax bills are arriving across the State of Victoria, and many have been left stunned by staggering increases. Speaking to many clients and listening to many of the media outlets like 3AW and the nightly news services, its being reported that...
by Financially Sorted | Feb 27, 2023 | Economy, Finance, Housing Prices, Interest Rates, Property Investment, Tax & Accounting
With house prices now easing a little from the highs of some 12-18 months ago, many properties still remain high, especially in the most desirable areas. According to CoreLogic, which monitors housing prices across Australia, our biggest capitals, being Sydney and...
by Financially Sorted | Feb 27, 2023 | ATO, Business, Business Support
An area that often gets private companies into hot water, is the blurred line between the company’s money and the owner’s money. This is an area that many clients often tend to get wrong and is a frequent item on the ATO’s radar. This is what is referred to as...
by Financially Sorted | Feb 13, 2023 | ATO, SMSF, Superannuation
Even in death, taxes will follow, so you may be wonderng how is your Superannuation is taxed upon death? Generally speaking, how tax applies & what tax will arise to your superannuation benefits depends on your age, the source of your superannuation, and how...
