One of the keys to maximising your company's profitability and success is to be able to access the right loans on the right terms at the right time. There are a range of criteria that will affect your ability to secure favourable borrowing terms, or even...
With property prices continuing to rise, it can be helpful to qualify for a higher loan amount, to give you more options. So it's interesting to discover, based on the latest banking statistics, just how many Australians are being approved for relatively large loans. In the...
Most property investors are making errors in their tax returns, despite the fact 86% use a tax agent, according to Australian Taxation Office (ATO) Assistant Commissioner Rob Thomson. The most common mistake investors make is not understanding what costs can be claimed and when – particularly...
Earlier in the year, many economists felt the Reserve Bank of Australia (RBA) might start reducing the cash rate from the third quarter of this year. Now, increasingly, those forecasts are being pushed back, with some economists believing the first cut won’t occur until 2025. Inflation,...
Small businesses will have access to the instant asset write-off for another 12 months, after the policy, which was due to end at the end of this financial year, was extended to 30 June 2025 in the recent federal Budget. Under the instant asset write-off, businesses...
The strong growth in home loans activity shows no sign of slowing. Borrowers signed up for $27.64 billion of new home loans in March, which was 3.1% higher than the previous month and 17.9% higher than the previous year, according to the latest data from the...
The Australian Taxation Office (ATO) has revealed it will be paying close attention to three key things on tax returns for this financial year. The first relates to property investors making mistakes when it comes to repairs and maintenance deductions. “You can claim an immediate deduction for...
Treasurer Jim Chalmers unveiled a series of measures in this year's federal Budget to address what he said was the government's “number one priority” – cost-of-living relief. The centrepiece was the Stage 3 tax cuts. This included a tax cut for all taxpayers, with an average...
Most Australian households and businesses remain able to service their debt, despite the tough economy, according to the Reserve Bank of Australia (RBA). “Strong conditions in the labour market, the large savings buffers accumulated by many borrowers during the pandemic and rising housing prices are helping...
The national unemployment rate fell from 4.1% in January to 3.7% in February, according to the Australian Bureau of Statistics, after a sharp fall in the number of jobless workers. The number of workers out of employment fell from 600,200 to 548,300, a reduction of 8.7%. At...