Introduction: In the world of superannuation, Stapled Super Funds have changed the game, making things simpler for employers and employees. Let’s break down what you need to know about Stapled Super Funds and how they affect your money. Understanding Stapled Super Funds: In the past, changing jobs often meant dealing with different super accounts and … Continue reading The World of Stapled Super Funds
Introduction: Investing wisely is not only about making sound financial decisions but also about maintaining meticulous records. Keeping accurate and organised records of your investments is crucial for reporting income, claiming deductions, and ensuring compliance with tax regulations. In this blog post, we’ll explore the essential records you should maintain, why they are important, and … Continue reading A Guide to Keeping Impeccable Investment Records
Introduction: The holiday season is upon us, and while gifts under the tree are delightful, have you considered giving yourself a gift that keeps on giving? Picture this: a super gift that not only doesn’t cost a thing but sets the stage for a financially secure future. Intrigued? Let’s talk about the ultimate super gift … Continue reading The Ultimate Super Gift for Yourself this Christmas
Introduction: As we celebrate my one-year birthday, let’s delve into a crucial topic for everyone, especially as we age: planning for cognitive decline. In Australia, dementia is the second leading cause of death, and it’s essential to be prepared for a time when you may not have the capacity to make important legal or medical … Continue reading Planning for the Future
Introduction: Owning a holiday home can be a dream come true for many Australians, providing a retreat from the hustle and bustle of everyday life. However, when it comes to tax time, holiday homeowners need to navigate the rules surrounding deductions accurately. This blog aims to shed light on the key considerations and questions to … Continue reading Wonderland for Your Holiday Home
In today’s rapidly advancing technological landscape, scams have become increasingly sophisticated, making it crucial for individuals to be vigilant and proactive in protecting themselves. As part of the National Anti-Scams Centre’s annual Scams Awareness Week, we want to empower you to Stop, Think, and Protect against the rising tide of scams, particularly those impersonating trusted … Continue reading A Guide to Recognising and Reporting Scams in Your Digital World
Introduction: In the dynamic landscape of business, understanding and navigating through the intricacies of taxation is crucial. One such essential aspect for businesses is the Goods and Services Tax (GST). This comprehensive guide aims to shed light on how GST works and the obligations businesses need to fulfil to stay compliant. How GST Works: GST … Continue reading A Comprehensive Guide for Businesses
In the ever-evolving landscape of business, staying ahead often means embracing digital transformation. Small businesses, in particular, can now find a powerful ally in the form of the Technology Investment Boost—a game-changing opportunity that offers a 20% bonus deduction on technology expenditure. Decoding Eligibility: What Qualifies? Navigating the intricacies of eligible expenditures can be daunting, … Continue reading Unpacking the Technology Investment Boost for Small Businesses
Introduction The landscape of Self-Managed Superannuation Funds (SMSFs) has been significantly influenced by recent interest rate hikes, with trustees facing challenges and opportunities alike. As SMSF trustees grapple with the implications of higher interest rates on limited recourse borrowing arrangements (LRBAs) and investment strategies, it’s essential to understand the changing dynamics and make informed decisions. … Continue reading Understanding SMSFs and the Effects of Rising Interest Rates
Introduction Trusts have long been a popular legal and financial instrument for business structuring and asset management. They provide benefits like asset protection, income distribution flexibility, and possible tax advantages. However, recent developments and crackdowns by tax authorities such as the Australian Taxation Office (ATO) have raised concerns about the viability of trusts for business … Continue reading Trusts – Are They Still Worth It? Navigating the Changing Landscape
