Selling your rental property is a great opportunity to unlock some personal equity. But don’t forget the taxman wants a slice of the cake. Capital gains tax (CGT) is liable for the profits on the sale of property, however the capital gains tax 6 year rule provides some exemptions which can be utilised to optimise
Tax planning is an essential aspect of financial management that requires careful consideration and strategic decision-making. One effective way to ensure optimal tax management is by engaging in regular tax planning meetings with your accountant at Walshs. These meetings provide a valuable opportunity to collaborate, analyse, and develop personalised strategies to navigate the complexities of
Walshs are thrilled to announce the winner of the 2023 $10,000 Walshs Medical Bursary, Dr Luke Nottingham. The $10,000 in bursary funds will allow Dr Nottingham to take a small team of anaesthetists and anaesthetic trainees to The Colonial War Memorial Hospital in Suva, Fiji to facilitate a teaching workshop. Here they will provide additional
If you’re the indecisive type, chances are you’ll run into a more than a few confusing crossroads when buying a new home. One of the choices that may leave you scratching your head is whether to take out an interest-only loan. A what loan? According to Walshs specialist mortgage broker Donna Sutherland, an interest-only loan
Dollar cost averaging (DCA) is a popular investment strategy amongst financial planners and investors alike that involves buying a fixed dollar amount of a particular investment at regular intervals over a period of time. The goal of this approach is to reduce the impact of short-term market fluctuations on your investment portfolio. DCA is a
Ensuring business success requires careful planning, strategic thinking, and effective execution. Here are some key tips that can help you increase your chances of success: Top tips: Develop a clear business plan: A comprehensive business plan outlines your goals, target market, marketing strategy, financial projections, and other key aspects of your business. Understand your market:
From home renos to humble new abodes, unlocking equity opens the door to a wealth of opportunities. If you’re a homeowner, continue reading to learn more about equity – and how you can access it to supercharge your financial status. The lowdown on equity According to Walshs mortgage broker Karen Holmes, equity is the difference
New legislation allows exemptions from paying Fringe benefits tax (FBT) on private use of electric vehicles which meet certain conditions. This article will help you make an informed decision on your next vehicle purchase, exploring the pros and cons and providing any necessary information. What is accepted…and the conditions: The first barrier to the exemption,
If you are an employer, then you will no doubt be aware of Single Touch Payroll (STP) and your obligations to be compliant to the STP2 changes that all employers must complete before 31st March 2023. The Government announced in the 2019-20 Budget, that Single Touch Payroll (STP) would be expanded to include additional information.
The Australian Taxation Office (ATO) has recently revised the fixed rate method for claiming working from home deductions. Previously, the fixed rate was 52 cents per hour and covered only running expenses for home office use. However, the new rate has been increased to 67 cents per hour and now includes additional expenses such as
