Imagine standing in front of your pantry, staring at a disorganized mess of old cereal boxes, half-used condiments, and a mix of other items that may or may not be edible anymore. Frustrating, right? Now, think about your finances in a similar state—scattered and overwhelming. Just like a cluttered kitchen can make cooking a hassle, […]
Imagine it’s October 31st, and instead of donning a Halloween costume, you’re frantically gathering receipts, wishing you’d started sooner. Yes, tax return season is upon us, and it’s crucial not to miss that deadline. Filing your tax return on time is considerably more than simply checking a box; it’s a responsibility every taxpayer must embrace. […]
Lost the receipt? Now what? What can I claim on tax without receipts? The Australian tax system can be complex, particularly when it comes to understanding the deductions that you can claim without receipt. But why worry when you have Taxly? In this blog, I’ll walk you through the deductions that can help you maximize […]
Lodging tax return is a crucial annual task for individuals and businesses alike. It not only ensures compliance with tax laws but also offers several significant benefits. Timely and accurate tax returns help you avoid penalties and interest charges. They can accumulate quickly if deadlines are missed, or errors are made. Additionally, filing your tax return […]
Facing the inevitability of death can be daunting. However, preparing for it with a well-drafted will ensures that your wishes are respected, and your loved ones are taken care of. This guide will walk you through all the essentials of wills, their importance and steps to create one. So, let’s dive in! What is a […]
Planning for the future is much more than just financial planning. It is more about ensuring that your loved ones are cared for. This is where estate planning starts playing its role. It is a comprehensive arrangement that manages your assets and responsibilities after your demise or incapacitation. Let’s delve into this guide to know […]
Single Touch Payroll (STP) is an Australian government initiative aimed at simplifying payroll reporting obligations for employers. Also, the ATO provides resources and assistance to help employers transition to Single Touch Payroll. This includes STP-compliant software and understanding reporting requirements. Here’s a detailed explanation of what Single Touch Payroll is and how it works. What […]
Purchasing your first home is an exciting milestone yet financially daunting. But the Australian government has made it easy to achieve your dream. They have launched the First Home super saver scheme. This initiative leverages the power of your superannuation fund to help you save for a home deposit more efficiently. Let’s find out more […]