The official end of the 2022 financial year falls on Thursday 30th June, so it’s time to prepare all your financial information for the 21/22 financial year (1 July 2021 – 30 June 2022) and be tax ready. We recommend lodging your tax return during July or August, but please book an appointment in advance because we to tend to get very busy during this time. If you still haven’t lodged your 20/21 tax return get in touch with us immediately as the deadline for this was 15th May 2022! As a reminder we need the following documents for your appointment: For salary and wage earners PAYG payment summaries Investment income – Interest on bank accounts & dividends received on shares Private health statements Work-related expenses –  Motor vehicle expenses –  Travelling expenses –  Uniforms –  Self-educated expenses –  Union fees –  Seminars/ courses –  Trade journals –  Computer costs, including internet access –  Mobile and telephone costs – only the work-related portion –  Tools and equipment –  Professional registrations –  Sun protection costs Donations Any other information you consider may be necessary Do [...]

Following on from our article in March when we reviewed the interest rates graphs over the last 20 years, there has now been movement from the RBA on the cash rate and that is upwards! For the first time in 11 years, the RBA has increased the cash target rate to 0.35 per cent, when it was previously 0.10 per cent. This will affect you if you have a variable rate mortgage. For example, if you have a mortgage of $500,000, this interest rates rise will increase your monthly repayments by $68. It will also affect you if you are currently looking at mortgage options such as first time buyers, homeowners wanting to refinance or for investment properties. The big four banks – Commonwealth Bank, ANZ, Westpac and NAB -  have already raised their variable mortgage rates by 0.25 per cent following the rate increase. Unfortunately, even though the banks have increased the rates once, it won’t stop them from continuing to increase the rates as it becomes more likely that the cash rate will increase further. Andrew Dalton from Taxpro Mortgage and Finance [...]

Life is busy and for many people just the thought of doing taxes, reviewing mortgages, or finding insurance brings on unwanted feelings of stress, so they push it to one side to worry about it another day. It can be especially overwhelming when you have lots of different people to deal with. At Taxpro Australia, we do MORE! Tax and Accounting Mortgage and Finance Insurance All under one roof! One phone call, one visit, one team of experts! We can’t make it any easier for you to take control of your finances. Let’s start saving you some time and money! We take the jargon out of the tax system because it can be confusing, it keeps changing, and let’s face it, there’s better things you could be doing with your time! However, lucky for you, we have an expert team of accountants that love it, and even more so, getting the biggest returns for our clients.  Whether you need to lodge a tax return, start a business, or require on-going support with your accounts, we crunch the numbers and don’t let opportunities pass you [...]