Why Is The All Ordinaries and ASX 200 In Points And Not Dollars($)?
Many stock market indices, like Australia’s All Ordinaries (XAO) and S&P/ASX 200, are expressed in points and not dollars ($).
When and Why Do Companies ‘Go Public’?
When and why do companies go public or launch an IPO?
How do Share Broking Accounts Work?
Think of share broking accounts as the lovechild of an auction site like Ebay and your online or internet banking.
What does EBITDA & EBIT mean?
EBITDA means Earnings before Interest, Taxes, Depreciation & Amortisation, it is often called ‘operating profit’ and is frequently used by analysts and CEOs. Here’s how to calculate it.
What is Capital Gains Tax (CGT)?
Capital Gains Tax or CGT is a tax that is paid when you sell an investment or asset for more than it cost to buy it.
Australian Personal Tax Rates Explained
Australian Marginal Tax Rates Explained. In Australia, more income tax is paid for every dollar you earn, less your allowable tax deduction.
Medicare Levy & Medicare Levy Surcharge Explained
Medicare Levy & Medicare Levy Surcharge Explained. To have access to a great public healthcare system, most Australian residents pay the Medicare Levy, which is 2% of taxable income.
What is negative gearing?
Negative gearing is a strategy used by people to grow the value of their investment while keeping their tax as low as possible. Investors use negative gearing because the interest repayments on loans are typically tax deductible against their personal income.
What is the ATO and what do they do?
The ATO is Australia’s Tax Office.
Key Insurance Terms Explained
What do insurance terms like underwriting, excess and premium mean?
How does tax work in Australia?
The Australian tax system works by charging a higher tax rate for those who earn a higher income. It is a marginal income tax system.
Which expenses are tax deductible in Australia?
In Australia, amongst other things, one rule is that the tax expense that you have already paid must be directly related to earning income. You also need to keep a record of the expense to prove you have paid for it!