by Financially Sorted | May 30, 2024 | ATO, EOFY, Property Investment, Tax Returns
The Australian Taxation Office (ATO) are looking closely at expenses related to rental property including interest apportionment for private expenditure, depreciation for initial repairs and other capital deductions, and borrowing expenses. Avoiding these common...
by Financially Sorted | Jun 2, 2023 | Tax & Accounting, Tax Returns
It’s that time of year again when your 2022 income tax return must be lodged. At Financially Sorted, our expert accountants with many years experience always will make sure you fulfilling your tax obligations. We are here to show the importance of lodging a ta return,...
by Financially Sorted | Mar 28, 2023 | Finance
Here’s what may happen to your savings, super, etc. if you die? Few people like to think about their own death, especially if they’re young and without any health problems. So you may ask, why young adults should consider creating a Will? Think about it...
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 | Jan 31, 2023 | Housing Prices, Interest Rates, Land Tax, Property Investment
Rising interest rates and falling house prices don’t have to be a cause for alarm for households. Overall, there are many things that you can do to prepare, like examining your financial position and not making unnecessary purchases on depreciable items like cars and...
