Articles by: Stephen Burns

The tax-free threshold is a key feature of Australia’s tax system that allows individuals to earn a certain amount of income before they are required to pay income tax. Understanding how this threshold works and how to claim it can help you make the most of your tax situation. What Is the Tax-Free Threshold in…

In the fast-paced world of business, managing finances can often feel like a daunting task. Many business owners are tempted to tackle their own bookkeeping, believing it will save money and provide greater control over their financial data. However, the reality can be quite different. This article delves into the pitfalls of DIY bookkeeping, the…

You’ve probably heard about the government’s tax cuts which took effect on July 1 this year. Here’s a very simple and brief report on how they may benefit you. Why were the cuts brought in? Some folks refer to the most recent and revised Stage 3 tax cuts as “cost of living tax cuts.” Why?…

8 possible reasons and how to avoid next year Many Australians have been disappointed by their lower-than-expected tax refunds this year, despite the common expectation of receiving a refund. It is important to understand the factors that contribute to a reduced refund in order to avoid a similar situation next year. Common explainations for a…

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When a relationship breaks down and two people who have relied on each other part ways, adjusting to a new lifestyle can be challenging. Here are several ways to protect yourself financially both during the relationship and after it ends. When things are going good, it seems ridiculous to make plans for a financial escape.…