TMS Financials: Articles on Australian Tax & Accounting

Understanding the tax implications of your Principal Place of Residence in Australia

Understanding the tax implications of your Principal Place of Residence in Australia. Your Principal Place of Residence (PPOR) is the main place where you live. This could be a house, flat, home unit, or even unconventional spaces like a caravan or houseboat....

Directors guide to voluntary administration – TMS Financials

Directors guide to voluntary administration - TMS Financials. Voluntary administration is a process where an independent voluntary administrator assumes control of a company in financial difficulty or on the brink of insolvency. This crucial step provides the company...

Understanding the bring forward rule for better retirement planning

Understanding the bring forward rule for better retirement planning. The bring forward rule, also known as the bring forward arrangement, is a strategic method to increase your superannuation contributions, particularly your non-concessional contributions, within a...

Investment property tax guide for property investors

Investment property tax guide for property investors. If you're considering investing in property, it's essential you know about the various taxes involved. In Australia, owning a rental or investment property not only brings potential tax advantages, but also certain...

Smart tax strategies for Australian investment property tax deductions

Smart tax strategies for Australian investment property tax deduction. Investing in Australian real estate can bolster your financial portfolio through rental income and potential capital gains. As an investor, you can claim investment property expenses on your tax...