Where to from Here…
🎉 Wish you all a very Happy New Year 2025! 🎉 Hope you had a good break and are ready to dive into 2025. I’ve made a small effort to put things in perspective for 2025. Hope you like it! 😊 Supply Material supply chain issues have largely been resolved, but the labor and cost of construction […]
Financial Resilience Australia: Certified Practicing Accountant Guidance
Mastering Financial Resilience in Uncertain Times Strategic Wealth Building with Expert Guidance In today’s volatile economy, informed financial decisions aren’t optional—they’re essential. At Life Beyond Numbers, we empower individuals and businesses to achieve financial stability and long-term growth. With over 15 years of expertise, Amit Aggarwal, Certified Practicing Accountant in Australia and Principal Consultant at […]
Melbourne’s median prices has fallen behind Adelaide and Perth
The changing hierarchy of housing values across Australia’s capital cities is attributable to both the speed of change in home values as well as the composition of housing as published in the article https://shorturl.at/TZ1vd by corelogic. While Melbourne market has slipped, there is a lot of speculation and doubt as to whether Melbourne has slipped for good? I […]
Tax Tips for Renting Your Home: Insights and Home Office Deductions from a CPA Expert
Introduction 📝 Thinking of renting out a spare room or your entire home? 🏘️ Before diving into the world of being a landlord, it’s crucial to understand the tax implications. 💡 This blog post will guide you through the key points you need to know about rental income and deductions in Australia, 🇦🇺 using information […]
Tax Tips for Renting Your Home: Insights and Home Office Deductions from a CPA Expert
Thinking of renting out a spare room or your entire home? Before diving into the world of being a landlord, it’s crucial to understand the tax implications. This blog post will guide you through the key points you need to know about rental income and deductions in Australia, 🇦🇺 using information from the Australian Taxation […]
Tax Tips for Property Investors: Deductions
Owning an investment property can have many benefits – and as a property owner, you need to know your rights and obligations. Tax time can be stressful for many, but for property investment owners it’s easy to make mistakes when it comes to claiming tax deductions. If you’re unsure of how to proceed with your […]
Tax Tips for Property Investors: Deductions for Vacant Land
In July 2019, there were changes made to the legislation to limit deductions that can be claimed for holding vacant land. These changes have confused many investors, and while many deductions are no longer available – many still are. To find out more about this limit, contact us here. To summarise: deductions for vacant land […]
Tax Tips for Property Investors: Selling Your Rental Property
Whether you’ve decided to move on from a rental property or your current one isn’t providing enough income – there are a few things to consider before selling. When you sell a rental property, you either gain or lose capital (refer to our ‘Tax Tips for Property Investors: What is Capital Gains Tax (CGT)?’ for […]
Tax Tips for Property Investors: Negative Gearing
If you’re looking to invest in property, it’s important to understand what negative gearing is and all of the benefits, risks and tax considerations that come with it. Negative gearing isn’t a phrase you’d find within tax legislation, but gearing is an important aspect of any investment. What is gearing? When you borrow money to […]
Tax Tips for Property Investors: Granny Flats and CGT
A granny flat is typically a second dwelling separate from the main house on your property. As a popular form of housing for people of all ages across Australia, it’s important to consider the tax benefits and implications when considering renting out. A granny flat arrangement is a written agreement that gives an eligible person […]