How to Avoid Tax on Life Insurance

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Many people do not realise that they could face a tax bill when they receive a pay out from life insurance. In fact there is a selection of taxes that come with insurance proceeds and it is worth being aware of what they are and therefore how to avoid them. Income Tax Income tax only becomes an issue when the… Read more »

401(k) Isn’t Just a Number

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Many of us, as a result of where we work, are fortunate enough to have a 401(k) plan. For those of you who aren’t sure if you have one or don’t know what one is, a 401(k) is a retirement plan which allows you to save for your own retirement. The purpose of this article definitely isn’t to give you… Read more »

How Is Share Trading Taxed In Australia?

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Buying shares in Australia can be a rewarding and profitable experience,. however there are risks regarding taxation. Below is a series of questions worth considering when learning more about profitability of shares in Australia and how you may be liable for capital gains tax. Share Trading in Australia: Important Questions The following are some of the most important questions that… Read more »

How to Cope With a Big Tax Bill

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Some people can be quite unprepared for their tax bill when it arrives. If you relay on a book keeper to keep your accounts of you do not look at them until the end of the tax year, you may suddenly find that you get a big shock with regards to how much you owe. If you have not been… Read more »

Tax deduction tips which might save you money

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Tax time is quickly approaching, and if you’re like most people, you are starting to think about how you can save money. The easiest way to keep more cash in your pocket is to find out which tax deductions you qualify for. Nearly every tax payer qualifies for some type of deduction, and depending on your age and job, you… Read more »

End your worries – Reclaim PPI now

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You shouldn’t at the very least be worried about getting broke now. There’s a way to save you from all the trouble if you just establish the fact that a mis-selling of Payment Protection Insurance happened to you when you applied for a loan, credit card, or mortgage from any financial institution. There are a lot of people who succeeded… Read more »

Income Tax Tips For The Self-employed

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If you are self-employed, then you no doubt are always on the lookout for ways to reduce your income tax. It certainly it is a fine line that you have to walk, because if you start looking for loopholes and ways to bend the rules then you could find yourself in trouble with the government. Instead, it’s a much better… Read more »