Blog Posts by Kathryn

Payroll Tax

What is it? Yes – another tax… It is a state/territory tax . Not all businesses have to pay payroll tax. You must pay when your total Australian wages are over the tax-free threshold for your relevant state or territory. Thresholds and tax rates vary between states and territories. As we are based in Victoria, […] Read More

Land Tax

What is land tax? Land tax is an annual tax based on the total taxable value of all the land you own in Victoria, excluding exempt land such as your home (principal place of residence). Land tax is calculated using the site values (determined by the Valuer-General Victoria) of all taxable land you owned as […] Read More

What are ‘Offset’ accounts?

An offset account is a transaction account linked to your home or investment loan. You can make deposits or withdraw from it as you would with a regular transaction account. With a standard home loan, you pay interest on the total amount owing. But with an offset, interest is charged on the difference between your […] Read More

Insurance

Insurance… How Boring! It may sound boring but very important! Do you have your car insured? How about your house? Your income? What about YOU? We are all very aware how important it is to have the things we can see insured like our homes and vehicles, but what can be more crucial and forgotten […] Read More