Get Ready Finance

01/01/2024

09/10/2023

Looking for Mortgage Approval Tips ? Or if you want to have a quick chat, please reach out.



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www.getreadyfinance.com.au
M: 0422 551 747

14/09/2023

Always HERE to HEAR 👌Please reach out if you ever want to talk about any thing ...

18/07/2023

Have a fixed rate that is going to expire in the next week, month or year ?

When that time comes, your loan will automatically switch to the variable rate of the bank with potentially no discounts offered and if you don’t do anything with it, your loan may cost you more than it should so there are a few options for you:

1. You can refix – you can lock-in a fixed rate again for a few years.
2. Let your loan switch to the variable rate on offer by your bank which may potentially cost you more than it should as they may not give you the best rate on offer as an existing client.
3. OR - we can review your loan in comparison to the whole loan market and see what is on offer, and if you want to move to a better interest rate with another lender you may get a great new rate.

So, before you make any decisions, it is always a good idea to review your home loan with a specialist to ensure your loan meets your needs now and in to the future. Our team can manage the process on your behalf and help you navigate the process without the stress. So please reach out by phone, email or text and let us see what we can do.

M: 0422 551 747
E: [email protected]

08/06/2023

Second big focus of the ATO is (drum roll):

- Work-related expenses: avoid the ‘copy-paste’

We all love working from home but when it comes to tax time, get those excel spreadsheets ready for what you will be claiming from the ATO.

‘There have also been some changes in how you calculate things like working from home deductions, so don’t be tempted to just copy and paste your prior year’s claims. We know a lot of people are working back in the office more compared to last year,’ Mr Loh said.

For this tax time, the ATO is focused on ensuring you the taxpayers understand the changes to the methods of calculations for your expenses related to working from home and are able to ‘’back up your claims’’ – (get that excel up and running now people).

There are two methods of working out your working from home deductions – the ‘actual costs' or 'the revised fixed rate method’. Probably worth checking these out via the ATO website and making sure your records are up to scratch.

‘Keeping good records will give you flexibility to choose the right method that suits your circumstances and gives you the best deduction this tax time,’ Mr Loh said.

Find yourself with a bit of tax debt or want to consolidate some of those pesky credit cards ? – we can help with secured and unsecured funding as we have access to a multitude of lenders who may be able to help.

Semeara

www.getreadyfinance.com.au
M: 0422551747
E: [email protected]

06/06/2023

Tax Time can be quite daunting but be vigilant with your records and you can keep your tax time efficient and pain free. This year the tax department are focusing on 3 major issues:

‘Within these areas, we have identified common mistakes, and are particularly focused on addressing these and supporting taxpayers and registered tax agents to get their claims right this year.’

1. rental property deductions
2. work-related expenses
3. capital gains tax.

So lets tackle the first one, something close to my heart, Rental Property Deductions:
- The ATO is focused on the apportioning of your loan interest expense – meaning what was used for private purpose vs investment property purpose.

‘You can only claim interest on a loan used to purchase a rental property to earn rental income – don’t forget, if your loan also includes a private expense, such as for a new car or a trip to Bali, you can only claim an interest deduction for the portion relating to producing your rental income,’ Mr Loh said.

Want more information reach out for a chat.

Semeara
M: 0422 551 747
E: [email protected]
Get Ready Finance

14/05/2023

Happy Mother’s Day mum ❤️

01/05/2023

https://www.linkedin.com/posts/tim-lawless-0b086a3a_short-sharp-its-looking-quite-convincing-activity-7058550790189174784-aIXM?utm_source=share&utm_medium=member_desktop

Here is a great article to read the housing market is predicted to head back up again - if it is time for you to jump on board, reach out for some help.

Get Ready Finance
M: 0422 551 747
E: [email protected]

Short & sharp: It's looking quite convincing that the housing downturn is over after CoreLogic Australia's Home Value Index posted two consecutive months of… | 10 comments on LinkedIn

01/05/2023

https://www.linkedin.com/feed/update/urn:li:activity:7058601163335626752

The housing market is definitely unpredictable here is Australia, never under estimate the ability of the market to rise and fall when least expected. Remember the old adage, "it is not timing of the market it is time in the market". If property is something you are keen to explore as a long term strategy - get in touch as we are here to help navigate the mortgage side of things for you as long term goals require planning and strategy and now is a good time to start.


www.getreadyfinance.com.au
M: 0422 551 747
E: [email protected]

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