Understanding the Impact of RBA’s Decision on Interest Rates in Sydney’s Inner West

The Reserve Bank of Australia (RBA) recently made an RBA interest rate announcement, deciding to keep the country’s interest rates steady at 4.35%. This decision holds significant implications for individuals and businesses across Inner West Sydney, shaping economic dynamics in the region. Overview of RBA’s Decision The RBA’s choice to maintain the current interest rate […]

Proposed $3 Billion Relief on HECS Debt Announced

Are you feeling the weight of your HECS debt? You’re not alone. As your trusted accountant in Inner West Sydney, we understand the challenges students face when it comes to managing their finances. That’s why we’re here to help you navigate through the complexities of HECS debt repayment. Employment and Workplace Relations Minister Tony Burke […]

Understanding Multiple BAS Lodgments in One Period

The Australian Taxation Office (ATO) is keeping a close eye on businesses in Australia, especially those lodging multiple periods of Business Activity Statements (BAS) within a single reporting period, often resulting in tax refunds. This heightened vigilance comes in response to a rise in GST fraud cases, prompting the ATO to take proactive steps to […]

Unlocking Tax Savings: What Can I Claim on Tax?

It’s tax time again, and at Endurego Tax in Inner West Sydney, we understand the importance of maximizing your deductions. As you prepare to lodge your tax return, it’s crucial to consider the expenses you can claim to reduce your taxable income. So, let’s explore what you can claim on tax and how to make […]

Understanding ATO Clearance Certificates in Inner West Sydney: What You Need to Know

As your trusted tax advisors in Inner West Sydney, we’re here to break down the latest tax changes outlined in the 2023-24 Mid-Year Economic and Fiscal Outlook (MYEFO), including updates on ATO clearance certificate. Stay prepared for what’s ahead with our expert guidance. Changes to ATO Interest Charges: The ATO imposes General Interest Charges (GIC) […]

EndureGo Tax Advocates for Tax-Free Gym Memberships

At EndureGo Tax in Inner West Sydney, we prioritize understanding the intricacies of tax legislation to serve our clients better. The proposal to make gym membership tax free benefit marks a significant stride towards aligning tax regulations with contemporary lifestyles. By allowing individuals to deduct gym membership expenses from their taxes, we acknowledge the importance […]

Understanding Vacancy Fee Obligations for Foreign Property Owners

Are you a property owner in Australia, particularly in the Inner West Sydney area? The Abanese government’s focus on foreign-owned properties might affect you. Labor suggests that rising property prices result from excessive foreign ownership and insufficient rental activity. Imagine receiving a letter from the government demanding an annual vacancy fee return of up to […]

Understanding Tax Obligations for Inherited Assets in Inner West Sydney

In Australia, unlike some other countries, there are no gift or inheritance taxes. However, beneficiaries still have tax responsibilities they need to fulfill, including inheritance tax. Here’s what you need to know to navigate the tax obligations smoothly. Superannuation Death Benefits: If you’re expecting a superannuation death benefit or managing someone’s estate, start by contacting […]

HECS Help for Students: Your Complete Guide

Are you considering further study to advance your career? Student loans can be a lifesaver in managing the costs, but understanding the HECS repayment requirements is crucial. Let’s explore everything you need to know about student loans in Australia, along with tips to minimize your debt burden. 1. Understanding HECS-HELP: HECS-HELP encompasses various interest-free loans […]

Latest Tax Breaks for Inner West Sydney Businesses

The Australian Government’s recent update for the 2023–24 financial year brings exciting news for small businesses— a significant increase in the instant asset write-off threshold. This boost revealed during the Federal Budget announcement on May 9, 2023, aims to enhance cash flow for small businesses and simplify compliance. So, what does this mean for you […]