(UPDATED 28 April 2025) As the Australian federal election approaches on May 3, 2025, it’s important to understand the tax policies proposed by the two major parties: the Australian Labor Party (Labor) and the Liberal-National Coalition (LNP). Below are some insights to help you understand their plans and consider how they might impact you. Labor’s
Are you ready to take your private practice to the next level? Look no further than the latest episode of the Practice Masterclass Series by Magentus, featuring the expertise of Walshs Director, Hugh Walsh. In this 20-minute video, Hugh delves into essential financial strategies specifically designed for private practice owners. Key Topics Covered: Choosing the
As we move further into 2025, Queensland’s property market and economic landscape remain at the forefront of discussion for investors, developers, and policymakers alike. Walshs Associate, Tim Reece recently attended the 2025 Urban Developers QLD Property & Economic Outlook, presented by Terry Rawnsley from KPMG Australia. In this article he shares key insights from the
New Rules Give First Home Buyers in Queensland More Flexibility Previously, first home buyers in Queensland who received the First Home Buyer Stamp Duty Concession or the First Home Owner Grant were restricted from renting out any part of their property for the first 12 months without risking repayment of some or all of the
Superannuation death benefits provide financial support to your family once you pass away. These benefits include the balance of your super account, including any life insurance held within your superannuation fund. Unlike other assets, superannuation death benefits may not form part of your estate unless directed by a binding death benefit nomination. Who Can Receive Superannuation Death
As we move through 2025, the Australian Taxation Office (ATO) is tightening its approach to late tax lodgments. With stricter enforcement and an increased focus on compliance, it’s more important than ever to meet your tax obligations on time. At Walshs, we understand that tax deadlines can sometimes slip through the cracks, especially for busy
What is a Clearance certificate? A clearance certificate is issued by the Australia Tax Office (ATO) to confirm that a seller is an Australian resident for tax purposes. When selling Australian real estate, it’s essential you provide this certificate to the buyer before settlement. Without this certificate, the purchaser is required by law to withhold
As an investment property owner, keeping up with your tax obligations can feel overwhelming — especially with recent changes to the ATO’s property management data-matching protocol. The ATO is now receiving more detailed information about your rental property, including rental income and expenses. With data coming from software providers, banks, rental bond authorities, and even
One of the most frequently asked questions our financial advisers hear is: “Should I repay my HELP debt (Higher Education Loan Program) early?” This question has gained more relevance recently, particularly due to the significant 7.10% increase in HELP debt indexation during the 2022/2023 financial year. Fortunately, the Federal Government has proposed changes that aim
Superannuation is one of the largest investments you will ever make, so it’s crucial to understand your options and choose wisely. This guide will provide you further information regarding selecting your investments. Understanding Superannuation Investment Options Most superannuation funds offer a variety of investment options, typically ranging from conservative to growth-oriented. Each option comes with
