Share trading and share investing are sometimes used interchangeably. However, they are two distinct classifications with different tax implications. The classification you best into should be guided by your financial goals, investment style, and risk profile. It is important to understand the distinctions between being a share trader versus a share investor as profits, losses,Read more…
The Higher Education Loan Program (HELP) is a government initiative designed to make tertiary education accessible for all Australian citizens. With the continual rise of education costs, HELP breaks down the financial barrier to allow more individuals to undertake professional and self development through formal education. Application for HELP is free, and the loan isRead more…
Sometimes the distinction between a hobby and a business can be confusing when you want to determine the nature of your income-generating activities. It is important to establish whether you have a hobby or a business as each classification has different regulatory and tax implications. What might have started as a hobby can turn intoRead more…
Getting audited by the ATO is a stressful and intimidating process. The best way to mitigate this problem is to take appropriate measures to prevent it from happening in the first place. When the ATO recognises you or your business as a compliance risk, you will get notified of a tax review. The purpose ofRead more…
The sharing economy has provided many new opportunities for everyday Australians to generate extra income. Airbnb is one of the popular online platforms that enable users to rent out their homes for short periods to other members of the community. Many individuals are keen to participate as Airbnb hosts, and they see this as aRead more…
The future of work is already changing. The growing trend of the gig economy will continue as many Australians are swapping the traditional 9 to 5 job for a more flexible style of employment. The gig economy refers to a way of working that is based on people getting paid for completing individual projects orRead more…
Investing in real estate can be a sound investment taking into account the potential for capital gains, and the benefits of negative gearing. As with any investment it is important to fully understand the tax implications related to the investment, and the tax deductions available to you. Investing in real estate can be a sound investmentRead more…
As blended families become more common estate planning becomes a more complicated process. The added complexity becomes apparent when considering who and what you are leaving behind after you are gone. Moiler Partners can save you hours of time, headache and heartache and make the process far more simple. Not having a valid estate planRead more…
Make this New Year’s resolution one that creates a measurable difference in your life by taking some simple steps to boost your superannuation. As chartered accountants and financial advisers, we are focussed on looking after your financial health. It helps if you are as familiar as you can be with your investments. The start ofRead more…
The following provides you with general information in relation to preparing for the 2015 tax year. You should seek advice for your specific circumstances to maximise your tax offsets. Medical Expenses The 2014/15 Australian Federal Budget reduced access to the medical expenses rebate effective from 1 July 2012. If you’re in a position to pay anyRead more…