Nurturing Financial Wisdom
How Parents Can Shape Their Children’s Money Habits As parents, we often focus on teaching our children essential life skills like tying shoelaces or riding a bike. But what about financial literacy? At Tanti Financial Services, we believe that instilling sound money habits in our children is just as crucial as any other life lesson. […]
Maximising Your Tax Return Deductions and Super Contributions for Australians Working from Home
As the end of the financial year approaches, it’s crucial for Australians working from home to review their tax strategies and ensure they’re making the most of the available deductions and superannuation contributions. With the rise of remote work due to technological advancements and the COVID-19 pandemic, more Australians than ever are setting up home […]
End of Financial Year Strategies and Smart Ways to Invest Your Refund
As the end of the financial year approaches, it’s crucial for all Australians to review their tax strategies and make the most of their tax refunds. At Tanti Financial Services, we understand that navigating the complex world of tax can be overwhelming. That’s why we’ve created this comprehensive guide to help you optimise your tax […]
Tax Planning Tips for 2024
Tanti Financial Services tax planning tips for 2023-2024 end of financial year.
Bonus deduction available for technology investment
Bonus deduction available for technology investment A bonus deduction may be available in this upcoming tax return for expenses relating to undertaking a digital adoption for your business. This bonus deduction is 20% of the costs you’ve incurred to support a digital adoption, including but not limited to: Digital enabling items such as computer hardware […]
What’s New Tax Time 2023
Here is a list of tax updates for work related expenses and claims for the end of financial year 2023, book in today for Penrith’s best tax accounant.
Don’t Let Tax Creep Up On You
Australia has a progressive income tax system. This simply means that higher income earners pay a greater proportion of their income in tax than low-income earners. It is achieved by applying a different rate of tax to each income band or “bracket”. The tax brackets and relevant tax rates applicable from 1 July 2020 to […]
Hands Up – Who Wants To Save Tax?
Most investors and business owners are aware that the interest paid on an investment loan is generally tax deductible. These deductions can be maximised by prepaying the interest on the loan. To do this contact your financial institution and arrange to have all of the interest costs for the following financial year brought forward and […]
How to Create a Debt Repayment Plan
Debt can be overwhelming and stressful, but creating a plan to pay it off can help ease that burden. In Australia, household debt is on the rise, with the average household owing over $260,000 in 2021, according to the Australian Bureau of Statistics. If you’re struggling with debt, here are some tips and strategies for […]
Tax Deductions and Investment Properties
Property is a popular investment asset that contains a number of significant advantages. Property is a popular investment asset that contains a number of significant advantages including income generation, capital growth, resistance to major market downturns and substantial tax deductions. Although tax deductions and offsets shouldn’t be the key reason to invest in property, if […]
Get Ready For June 30 – NOW!
When it comes to getting the most (money) from your annual tax return, there is usually a lot to think about, so we’ve identified a few options that could open the door to some opportunities to save on tax. The key here is to plan ahead. Deductions — lower your tax liability If you have […]
It’s Time to Think About Your Wealth
The end of another financial year is looming, and with that may come thoughts about your tax return and how your wealth has tracked throughout the year. Whether you’re nearing retirement, a high-income earner looking to reduce your taxable income, or you’re on a lower income and looking for ways to maximise your super contributions; […]