When should I lodge my tax return?

The financial year in Australia runs from 1st July until 30th June the following year. According to the Australian Tax Office, your tax return must be lodged by October 31st each year. However, this gives you a few months in which to complete your return and if you use a registered tax agent, you are allowed to lodge a tax return even later. So, from an economical point of view, when is your ideal lodgement date? [Read More]

Why Every Self-Employed Individual Should Hire a Tax Consultant

If you're a self-employed individual you may assume you can handle your own tax returns, especially if your business is simple and doesn't include much income or many deductions. While it can be tempting to try to handle your own tax returns every year, there are some very good reasons to use the services of a tax consultant. Note a few of the benefits they can offer you here. 1. Overlooked Deductions [Read More]

The Advantages of Hiring a Tax Accountant

Everyone over the age of 18 must file an income tax report each year. For many people, it is a simple job, and they can do it themselves in under an hour. But, for others, there may be things that make their returns more complicated, and they are unsure of how to properly proceed. This is when it is a good idea to hire a tax accountant. There are many advantages to having a tax accountant working for you, such as: [Read More]

Five Critical Financial Planning Tips for People with Cancer

When you or a loved one is diagnosed with cancer, there are so many intense and scary things to think about, and in the midst of thoughts on health and healing, you also have to think about your finances. If you have recently been diagnosed with cancer or another serious illness, here are five tips to help you through the financial portion of that journey. 1. Address your ability to earn. [Read More]