If you find yourself in the situation that you are unable to pay your credit card debt balance off each month then there are steps you can take to reduce your interest charges.
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Not all credit cards are created equally. And so it makes it that much harder to decide which credit card offer to choose. There are many factors you sh.....
Tax office looks carefully at kid’s accounts 18 November 2008
Parents or grandparents who set up and deposit money into bank accounts for children must be able to proves that the money is not theirs to withdraw and use as they want to if they are to avoid paying tax on it. The ATO has ruled that if the money really belongs to the parent they should the interest earned on their tax return. If the money belongs to the child and the child earns less than $416 per year from all sources, then no tax is payable. If large sums of money are deposited and withdrawn it seems likely that the tax office may rule that the parent really owns the money.
