‘Bank tax’ may inflate mortgage rates

‘Bank tax’ may inflate mortgage rates

While the big ‘bank tax’ announced in Tuesday’s Budget was touted as a method of bringing a fair, even playing field between majors and non-majors, experts have warned that the measure could adversely impact consumers in the long term. The new levy equates to six...
$20,000 instant asset tax write-off

$20,000 instant asset tax write-off

Purchase a new or second hand asset such as a motor vehicle, computer equipment, an Air conditioning system, a solar system or  business machinery for $20,000 or less and claim an immediate tax deduction. There are no limits on the amount of assets you purchase...
Tax traps for property owners and investors

Tax traps for property owners and investors

TAX time is just a couple of months away, which means the word on the lips of hundreds of thousands of Aussie real estate investors is “ka-ching”. Whether you’re an investor seeking some hefty tax deductions or a property buyer or seller about to make a transaction,...
Australians warned on dodgy debt firms

Australians warned on dodgy debt firms

ASIC has cracked down on misleading advertising by debt resolution firms, which should serve as a warning to investors to be diligent when looking to engage with one. ASIC has taken action again debt management firms as part of a crackdown on misleading advertising....