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 […]
Have you planned your life after retirement? Not yet? Then start doing. Planning for a secure and comfortable retirement starts with understanding and maximizing your super contribution. They are a powerful tool to ensure that you have enough savings to enjoy your golden years. These contributions come from various sources. This article will provide you […]
As a registered nurse, you dedicate your time and energy to care for others. But it is important to take care of your needs as well. Especially your financial well-being. Understanding and claiming the tax deduction for nurses can significantly reduce your taxable income. In this blog, I’ll tell you some significant tax deductions you […]
Tax-free threshold holds a pivotal element of the tax system in Australia. It is the amount of yearly income you can earn without being subjected to tax. Currently, it’s $18,200. This means that if your earnings are below this figure, you don’t have to pay tax. However, if your income exceeds this limit, you’ll be […]