The Bottom Line Business Advisory

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

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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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Welcome to our March Newsletter

Autumn has arrived and what a wonderful time of year to turn over a new leaf with a property purchase. While national housing values are generally rising, the pace of growth has trended downwards since April last year, according to CoreLogic figures. CoreLogic director of research, Tim Lawless, said every capital city and broad ‘rest of state’ … Continue reading Welcome to our March Newsletter

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When to leave your lender

When it comes to your home loan, making sure you’re getting the most competitive deal is important. Even a small difference in your interest rate can mean thousands of dollars over the long run. That’s why it’s imperative to ask us to regularly review your mortgage and ensure it’s right for you. Here are some … Continue reading When to leave your lender

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How to build a property portfolio

Getting started in property investing is exciting and may be easier than you think. Property investment could be a great way to build your wealth and achieve your long-term financial goals. Here are some tips to help you work towards building your property portfolio. Set your goals Not sure where to start? A simple tip … Continue reading How to build a property portfolio

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What is equity?

The equity in your home can be used to secure finance for a variety of things. It might be a home extension. An investment property. A new car or another big-ticket purchase. Knowing how to use your equity effectively and making it work for you could be an invaluable wealth-building tool. Let’s look at what … Continue reading What is equity?

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