News
In this article - Lifestyle assets continue to be an ATO audit target. The ATO is increasing their data matching. For example: If a taxpayer is reporting a taxable income of $70,000 to the ATO but they know they own a three million dollar yacht then this is likely to raise some red flags.
Click here for document: Practice update - January/February 2020
New Year - Fresh Start in 2020. Its great if you set your goals for 90 days or 12 weeks. You will feel more motivated if you have a short - term plan than a long one. Set goals that you must do and can do.
It’s important to review your mortgage yearly. You can ask your own bank first to help you with a better rate. If they are not willing to help, you can contact another bank for the best offer. You must take into consideration the fees and time involved. In some cases the savings yearly are worth it.
