A few weeks ago, I discussed the limitations of using monetary policy - increasing interest rates - to tackle inflation. I highlighted that only 37% of Australians have mortgages, so…
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Many people are attracted to borrowing to invest in property because of negative gearing tax benefits. That is, the (income) loss that an investment property generates helps reduce the amount…
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With the uncertain economic outlook, higher interest rates and cost-of-living burdens, Treasurer Jim Chalmers has handed down his second Budget on 9 May. The Treasurer has flagged the need for…
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If you have a family trust that earns taxable income, there are several tax compliance matters that you must fulfil. Distributions to beneficiaries other than your spouse In 2022, the…
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During the pandemic, the ATO provided taxpayers with a shortcut method for claiming work from home expense deductions (given most of us were forced to work from home). In summary,…
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