Private health insurance is a hot topic in Australia. While Medicare provides excellent public healthcare, many Australians choose to take out private cover for extra choice, faster treatment, and peace of mind. But with rising premiums, is it really worth it for everyone? Let’s explore the pros, cons, and key considerations before you decide. Benefits of Private Health Insurance 1. Greater Choice of Providers & HospitalsWith private cover, you can…
The end of the tax year is fast approaching, so take action now to reduce your tax for 2025. Follow as many of these steps as you can and have more money in your pocket for you and your family to enjoy. Personal Tax Home Office Expenses If you have been working from home, you may have expenses you can claim a tax deduction for. The ATO allows you to…
What can you do before the 30th June to reduce your tax for 2024? Follow these steps and have more money in your pocket for you and your family to enjoy. Personal Tax Home Office Expenses If you have been working from home, you may have expenses you can claim a tax deduction for. The ATO allows you to claim using a “Revised Fixed Rate Method” an amount of $0.67…
What can you do before the 30th June to reduce your tax for 2023? Follow these steps and have more money in your pocket for you and your family to enjoy. Personal Tax Home Office Expenses If you have been working from home, you may have expenses you can claim a tax deduction for. The ATO allows you to claim using a “Revised Fixed Rate Method” an amount of $0.67…
Cash Flow, Small Business, Taxation
With the end of the tax year approaching, now is the time to see what you can do to reduce your tax for 2023. This would mean more money in your pocket for you and your family to enjoy. Business Tax Temporary Full Expensing Purchase equipment before year end as businesses with an aggregated turnover of less than $5 billion can immediately deduct the business portion of the cost of…
Cash Flow, Small Business, Taxation
With the end of the tax year approaching, now is the time to see what you can do to reduce your tax for 2022. This would mean more money in your pocket for you and your family to enjoy. To minimise your Personal tax click here. Business Tax Temporary Full Expensing Businesses with an aggregated turnover of less than $5 billion can immediately deduct the business portion of the cost…