This article, written from an accountant’s perspective, provides practical tips for individuals preparing their tax returns for the 2024 tax year in Australia. It covers staying informed about tax changes, document organisation, utilising technology, reviewing deductions, considering superannuation contributions, optimising investments, the importance of accuracy, seeking professional advice, and planning for future tax years. These tips are aimed at making tax preparation more efficient and accurate, thereby enhancing potential tax benefits.

This article, intended for individuals and written from an accountant’s perspective, provides an easy-to-understand overview of how mortgages work in Australia. It covers key aspects like the definition of a mortgage, its components, types, repayments, features, associated costs, application process, tax considerations, and the value of professional advice. Understanding these elements is crucial for anyone considering taking out a mortgage for property purchase.