Tax
Make the most of EOFY: super strategies to discuss with your financial adviser
15 May
As the end of the financial year (EOFY) approaches, itâs a timely reminder to check in on your financial health and take advantage of opportunities to strengthen your retirement savings. Whether youâre looking to grow your superannuation,...[Read More]
Understanding debt recycling â transform bad debt into good debt
15 May
Debt recycling is a financial strategy that can help you transform bad debt into good debt, boosting your wealth and enhancing your financial future. This article explains the concept, its benefits, risks, and how it might apply to your specific...[Read More]
Self-Managed Superannuation Fund (SMSF) checklist â summary
8 May
A Self-Managed Super Fund (SMSF) offers individuals more control over their retirement savings, but it comes with significant responsibilities. This checklist outlines key considerations and requirements to help ensure compliance and effective...[Read More]
Election expected to drive confidence in electric cars
8 May
Electric vehicles are expected to grow in number and fall in price following the federal election as manufacturers and motorists gain confidence that regulations on low-emission transport will not change. Automotive experts issued the predictions on...[Read More]
Business hungry for more despite Labor tax sweetener
10 April
Small businesses are being tempted with a $20,000 sweetener to re-elect Labor, but the offering still falls short of the coalition pitch to traders. Labor has vowed to extend the instant asset write-off â which allows businesses and tradies with a...[Read More]
Managing finances and lifestyle activities during retirement
3 April
Retirement is a complex period divided into various phases, each with its own set of financial requirements and lifestyle considerations. Understanding how to budget for each stage can help you make the most of your post-career...[Read More]
Budget focuses on power bills, tax cuts and healthcare
27 March
FEDERAL BUDGET AT A GLANCE * Budget deficit of $27.6 billion this financial year * Commonwealth gross debt to rise to $940 billion (33.7 per cent of GDP) in 2024/25 before cracking $1 trillion the year after * Net debt to rise to $556 billion in...[Read More]
âUnfair, unrealisticâ: young Aussies bear budget burden
27 March
Australian workers will be increasingly relied upon to prop up ballooning federal government spending, despite tax cuts handing back two years of bracket creep. The âmodestâ cuts announced by Treasurer Jim Chalmers in the federal budget will...[Read More]
Top 10 questions to ask your accountant and why a strong relationship matters
13 February
Having a skilled accountant is invaluable, whether for personal or business finances. Accountants provide clarity, advice, and strategies to optimise financial health and compliance. Building a close relationship with your accountant fosters...[Read More]
The importance of financial advice in living a lifestyle of choice
6 February
Life is full of milestones and changes that shape our journey. Whether itâs starting a family, buying a home, running a business, or retiring, our financial needs and goals evolve over time. Navigating these transitions while maintaining a...[Read More]
The importance of keeping a vehicle mileage logbook and tips for accurate record-keeping
6 February
Maintaining a vehicle mileage logbook is an essential practice for anyone who uses their vehicle for business purposes. Not only does it help with accurate record-keeping, but it also ensures compliance with tax regulations, provides evidence for...[Read More]
Understanding estate planning and key legal tools: why legal advice is essential
30 January
Estate planning is the process of organising and managing your assets during your lifetime and determining how they will be distributed after your death. It goes beyond simply writing a will; it involves making key decisions about property...[Read More]
Planning for business activity statements (BAS) and the importance of professional advice
23 January
Business Activity Statements (BAS) are a vital part of financial management for Australian businesses. They help businesses meet their tax obligations, including Goods and Services Tax (GST), Pay-As-You-Go (PAYG) instalments, and other tax-related...[Read More]
Tax changes ruled out as treasurer launches food fight
23 January
The treasurer has poured cold water on any new taxes, saying Labor is focused on targeted cost of living relief. Asked whether Labor would bring any new taxes to the upcoming federal election, Jim Chalmers said, âno, our focus is on the tax...[Read More]
Find out about obtaining shares and what tax deductions you can claim
16 January
You can obtain shares in several ways, most commonly by buying them. You should keep track of your share transactions so you can claim everything youâre entitled to and work out your tax accurately.  You can obtain shares through: Buying...[Read More]