As usual, it’s time to organise your EOFY tax return, but it might be different this year. That’s because the ATO is now using cryptocurrency data matching to identify false tax deductions. While they are still keeping an eye on work-related expenses and asset write-offs,...
Have you taken advantage of the surge in shared accommodation properties in Australia, renting a room or an entire house for a boost in your income? If you thought you could get away without declaring said income, you might be in for an unpleasant surprise.The...
Many people who rent out a room or property on Airbnb don’t realise that the money they receive is considered as extra income by the ATO. This means that you will have to declare this income when you do your yearly tax accounts and depending...
Investing in bricks and mortar can be a great way to create wealth. Property in Australia is still regarded as one of the safest, long-term investment strategies, especially for your retirement nest egg. Whether you choose to rent out the property immediately or spend time...