Navigating the path to homeownership can be particularly challenging for junior doctors, whose income is often spread thin across training fees, relocation costs, and exam fees, leaving little room for saving cash for your first home or an investment property. But with property still being one of the biggest growth asset classes in Australia Walshs
Becoming a homeowner is a significant milestone that often begins with a myriad of questions, uncertainties, and excitement. For first home buyers, understanding the intricacies of the property market and navigating the mortgage landscape can be a daunting task. That’s where a mortgage broker becomes an invaluable ally, guiding prospective buyers through the complex process
Salary Packaging is a remuneration arrangement that allows employees to receive a Fringe Tax Benefit by reducing their taxable income. There are significant financial advantages provided to employees who fall into the category of eligible participants, a group which includes many medical professionals. BUT navigating this process can be complex and certainly when moving between
We are delighted to share the news that the Walshs team has experienced great success throughout the year, securing #60 in the Australian Financial Review Top 100 Accounting Firms and as finalists within several categories at the Australian Accounting Awards 2023 and the IFA Excellence Awards 2023. These awards recognise outstanding contributions within the financial
By now you would have heard about the asset class Build to Rent (BTR), which is a relative newcomer to the Queensland market. What does it entail, what are the benefits, and, of course what are some of the current tax considerations relevant for developers. What is it and what are the benefits? In Australia,
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
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:
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
Before you go knocking on the bank’s door for a million-dollar mortgage, it’s a wise idea to spend a few months boosting your borrowing power. That’s the word from Walshs Mortgage Broker Grace Lee, who says it’s possible to magnify your borrowing power – or the amount a lender will hand over – based on