Tips for saving your deposit

Saving for that all important deposit can be tough, but here are three winning tips to help set you on your way to home ownership. PUT YOUR GOALS IN WRITING Setting a financial goal will make it much easier to plan and save successfully. Make a conscious effort to...

5 tips to manage your mortgage effectively

SET A BUDGET Work out your expenses (fortnightly or monthly) and factor in your mortgage repayments. You might need to cut back on spending in certain areas to make sure your mortgage is a priority. Keep a diary of your spending and stick to your budget. CUT YOUR DEBT...

Superannuation update

From 1 July 2017, a $1.6 million transfer balance cap will be introduced on the total amount that can be transferred into the tax-free retirement pension phase from accumulation. Superannuation balances in excess of the transfer balance cap can remain in the...

Tax tips for primary producers

Farm management deposits One of the best tax planning measures available to primary producers is to utilise the farm management deposits (FMD) scheme. This has become an even more effective business and cash flow planning tool this year due to legislative changes that...

Tax tips for small business

Small businesses may be eligible for a range of tax benefits.  Are you eligible for the small business tax regime? This year there has been an important uplift in one of the small business thresholds. As a result, small businesses (sole traders, partnerships,...

Rental property deductions

Owners of rental properties that are being rented out or are ready and available for rent can claim immediate deductions for a range of expenses such as: interest on investment loans land tax council and water rates body corporate charges insurance repairs and...