Finance can be so tedious. With a new month, comes another rate cut but this means that you can save more money. Matters of personal finance may be presumed so dull and/or difficult that they are immediately filed in the too-hard basket and people are often slugged with a 'lazy tax' - the price paid...
You can’t claim an immediate tax deduction on capital assets such as a car, plant and equipment, property, etc. Instead, you need to write off the cost over a period of time. This tax-deductible write-off is called depreciation.
The most common reason for a delay is a lender’s turnaround time to assessment, especially when some lenders have competitive offerings and experience larger application volumes. Still, a lack of preparation can cause this delay to snowball.
Individuals can claim a deduction for all running expenses incurred during the period 1 March 2020 to 30 June 2020, based on a rate of 80 cents for each hour an individual carries out genuine work duties from home.
Currently, the government has taken several steps to support business and Individual taxpayers through the pandemic. However, there are fewer supports for students. Therefore, we are offering free Individual Tax Return service for full-time students until 31 March 2021.
It’s easy to get carried away with the fun part of buying a property – looking at houses – but delaying the less compelling task of arranging finance will weaken your negotiating position on both the property and the loan.
Refinancing can also allow you to consolidate your debts or pay down your mortgage more quickly.
Another common reason borrowers look to refinance is so that they can access equity – the amount you'd get from selling your home after settling any associated loans, such as a mortgage on that property, ...