According to BNZ chief economist Mike Jones, the average mortgage rate in June fell to 5.66 per cent, down from the cycle’s peak of 6.39 per cent. This shift has translated into real savings for borrowers, with a typical new…
These reforms are set to simplify tax reporting for individuals and provide modest savings, particularly for lower-income earners. Beginning 1 July 2026, Australians can claim a standard $1,000 deduction for work-related expenses. This initiative is designed to streamline the tax…
Being contacted by the Australian Taxation Office (ATO) can feel overwhelming, but a quick and informed response can make all the difference. Here are five essential tips to help individuals and business owners confidently handle any contact from the ATO.…
Scammers posing as representatives of the Canada Revenue Agency (CRA) continue to target individuals and business owners with increasingly sophisticated phone calls. These callers often claim you owe taxes, threaten arrest, or even cite legal action if you do not…
Inland Revenue (IR) is paying closer attention to rental income from long-term rentals to short-stay arrangements like Airbnb to ensure taxpayers comply with reporting and deduction rules. Whether you are a landlord renting out your spare room or managing multiple…