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The Bottom Line Business Advisory Pty. Ltd.
is a CPA Practice

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Should you refinance now?

With millions of Australian homeowners likely to be slugged with higher mortgage repayments due to the cash rate hikes, there’s one question on everyone’s lips. Is now a good time to refinance? While it depends largely on your individual situation and goals, there are mounting reasons why refinancing should be on your radar. At the … Continue reading Should you refinance now?

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Your suburb research checklist

The golden rule in real estate is “location, location, location”, but how do you know a suburb is right for you when you find it? Whether you are buying an investment property or a home, finding an area that meets your needs is paramount. Here are some things to consider when deciding on a suburb. … Continue reading Your suburb research checklist

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Labor’s policies helping aspiring homeowners

In May, Labor was voted in at the Federal Election. If you’re an aspiring homeowner, the change of Government could mean new opportunities to help get you into your own home sooner rather than later. In this article, we cover some of Labor’s key policies that may help those who want to get into the … Continue reading Labor’s policies helping aspiring homeowners

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Interest rates and Home value movements

In what was the biggest one-off rate hike in 22 years, this month the Reserve Bank of Australia (RBA) increased the cash rate to 0.85 per cent in order to curb skyrocketing inflation. Following the announcement, all of the big four banks passed on the rate increase in full, with some smaller lenders also following suit. As interest … Continue reading Interest rates and Home value movements

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What do you need to do before your Tax Return?

Application for a Medicare Entitlement Statement form If you’re not eligible for Medicare and are applying for an exemption from the Medicare levy; please submit the Application for a Medicare Entitlement Statement form as soon as practical after 30/6/2022. Apply here. Timing of pre-filling Information We as tax practitioners have access to pre-filling reports that allow us … Continue reading What do you need to do before your Tax Return?

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What will the ATO focus on this tax season?

Record keeping – get ready for the tax time by going through and organising your deductions records/receipts/invoices. Work-related expenses – You may use myDeductions tool in the ATO app to track your work related expenses. With this tool you could take a photo of the receipt in the app, enter the expense details then at … Continue reading What will the ATO focus on this tax season?

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What’s new in tax this year?

Super changes From 1/7/2022, your super will increase to 10.5% from the first dollar you earn; this is because the $450 per month eligibility threshold for when SG is paid is being removed. Are you eligible for the lower company tax rate? If your company is a ‘base rate entity’ (aggregated turnover is <$50mil), your … Continue reading What’s new in tax this year?

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How redraw facilities and offset accounts can save you money

Redraw facilities and offset accounts work in a similar way – they both effectively allow you to reduce the balance of your home loan, which reduces the amount of interest you pay. So, how do you know which is right for you, or whether you should choose a home loan with both a redraw facility … Continue reading How redraw facilities and offset accounts can save you money

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How to compare home loans and features

Which home loan is right for you? How can you tell when there are so many different lenders, loan types and features available? It can be confusing, particularly if you are a first-time buyer. Fortunately, we’re here to help explain things, so let’s dive in. Interest rates versus comparison rates Interest rates are one of … Continue reading How to compare home loans and features

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How to Airbnb your property

Always dreamed of having a successful side hustle? Have you considered joining the thousands of Aussies who are listing their properties on Airbnb and pulling in extra coin? With Australia reopening its borders to international tourism and more and more Aussies beginning to explore the country again, now could be a good time to consider … Continue reading How to Airbnb your property

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