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Author: Laze Spasevski

ATO Reveals Common Tax Mistakes

Posted on by Laze Spasevski
With tax season upon us, the Australian Taxation Office (ATO) reveals common tax mistakes of small business owners and sole traders to avoid. These mistakes could delay processing or trigger follow-up checks. Assistant Commissioner Angela Allen says one of the most frequent issues is not having the right access to ATO digital services. She advises businesses to set up myID or link their myG...
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Rate Cut Driving Property Price Growth

Posted on by Laze Spasevski
Rate Cut Driving Property Prices Growth
“This February’s rate cut was a clear turning point for driving the growth of property price.” said Cotality research director Tim Lawless – and the numbers back him up. National property prices rose 0.6% in June, marking the fifth consecutive month of growth. Over the past five years, the national median has increased by 44.3%, despite several dips along the way. Mr Lawless said the lat...
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RBA Believes Local Economy is Softening

Posted on by Laze Spasevski
RBA Believes Local Economy is Softening
The Reserve Bank of Australia (RBA) believes the local economy is softening, although domestic conditions have generally evolved in line with expectations. The RBA noted during its latest monetary policy meeting, on 19-20 May, that GDP growth had picked up in late 2024. However, early 2025 data showed household consumption was weaker than expected. “Earlier declines in real household dispos...
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5 Simple Steps to Succeed at Tax Time

Posted on by Laze Spasevski
As the financial year ends, follow these 5 simple steps to succeed at tax time. These steps will help you get organised early, and save you time, money, and stress. Gather your paperworkCollect all essential documents, such as income statements, loan documents, bank interest summaries, and receipts for deductible expenses. Having everything ready in one place will make lodging your tax re...
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Office Vacancies Affecting Parking Rates

Posted on by Laze Spasevski
Office Vacancies Affecting Parking Rates
Fluctuations in office vacancies across the country are affecting parking rates in many areas. Australia’s parking market reflects wider economic shifts, with city-to-city differences revealing where office markets are recovering – and where they’re still struggling. Brisbane has overtaken Sydney as the country’s most expensive city for casual parking, with average daily rates of $80.84, ac...
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Rental Growth Continues

Posted on by Laze Spasevski
Rental Growth Continues
The latest rental data shows different financial trends for renters and property investors, as rental growth continues and opportunities emerging on both sides. After rising steadily since 2021, rents climbed another 4.2% over the year to June 12, according to SQM Research, contributing to ever-higher living costs for tenants. Conversely, property investors are benefiting from higher inc...
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ATO Interest No Longer Tax Deductible

Posted on by Laze Spasevski
ATO Interest No Longer Tax Deductible
From 1 July 2025, the interest charged by the Australian Taxation Office (ATO) on overdue tax debts will no longer be tax deductible. Until now, some business owners have treated the general interest charge (GIC) – currently 11.17% and compounding daily – as a manageable expense. But from the 2025–26 financial year, that interest will increase your costs without reducing your tax bill. T...
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Lenders Offering Low Fixed-Rate Mortgages

Posted on by Laze Spasevski
Lenders Offering Low Fixed-Rate Mortgages
A limited number of lenders are now offering low fixed-rate mortgages whose interest rates start with a ‘4’, although variable rates continue to have a ‘5’ (at least) in front of them. So, are fixed rates about to make a comeback and is now the right time for you to fix your loan? That depends on your personal circumstances and what you anticipate will happen in the future. Here’s what t...
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Consumers Cautious with Spending

Posted on by Laze Spasevski
Consumers Cautious with Spending
Based on the latest data from the Australian Bureau of Statistics, consumers are cautious with their spending, leading to challenging conditions for businesses. Household spending in April was just 0.1% higher than the month before, while retail spending was actually 0.1% lower, according to the latest data from the Australian Bureau of Statistics. This cautious spending behaviour is ref...
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RBA May Cut Rates Again

Posted on by Laze Spasevski
RBA May Cut Rates Again
RBA may cut rates again as the inflation rate for April was 2.4% based on the latest date from the Australian Bureau of Statistics. That marked the ninth consecutive month headline inflation had been within the RBA's target range of 2–3%. More importantly, the ‘trimmed mean’ inflation rate – which the Reserve Bank of Australia (RBA) considers more reliable as it removes volatile price movem...
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