Keep Good Tax Records These days, the ATO is asking a lot of questions about tax deductions. But that doesn’t mean you can’t pay less tax. You can still get a really good refund if you just keep ALL your receipts and records for every deductible expense throughout the year. That way you have a … Continue reading 10 Easy Ways to Pay Less Tax
If you want to increase your wealth and secure your financial future, investing in Australia can be a good option. In this blog post, we will explore the top investment options available in Australia and how you can start investing today. Why Choose the Australian Market : Workforce Growth: Australia has a highly skilled and … Continue reading Explore Investment Options in Australia!
Investing in Australia can be a great way to build wealth and secure your financial future. To start investing in Australia, first, understand the economic situation of the country. Australia’s economy is stable and strong, supported by several sectors including mining, agriculture, tourism, and financial services. The government aims to maintain a business-friendly environment that … Continue reading Want More Money? Start INVESTING
Starting a business in Australia is an exciting and rewarding endeavour, but it can also be extremely challenging. A clear plan and a solid strategy are required for success in the competitive world of startups. This blog post looks at a simple formula for launching a successful startup in Australia. Identify the requirements The first … Continue reading The Simple Formula for Success in STARTUP in Australia
Small businesses are the backbone of the Australian economy, employing over 6 million people and accounting for over 97% of all businesses. Regardless, there are many myths about small businesses that can lead to misunderstandings and missed opportunities. In this blog, we will read about five of Australia’s most common myths about small businesses. Myth … Continue reading 5 Crushing Myths About Small Business
As the end of the fiscal year approaches, Every business scramble to get their books in order and seeks the assistance of accountants to ensure their financial affairs are in order. Accountants are an important part of any business, but their role is frequently misunderstood, and their impact on business success is frequently underestimated. In … Continue reading A fascinating behind-the-scenes look at an accountant’s life
Are you one of the five million Australians who claim work-from-home deductions? If so, stricter record-keeping rules may now apply. For this financial year and moving forward, there are now only two methods to calculate your work-from-home claim: 1. Revised fixed rate method (with new rules applying) 2. Actual costs method (unchanged). The actual costs … Continue reading New work-from-home record-keeping requirements
Last year 9,700 individuals applied for compassionate release of supper for dental treatment expenses, and 82% were approved. Out of those approved, 9% were for a dependent child’s dental treatment, which could include braces. What is the pathway for access? While normally superannuation must be preserved for retirement, there are limited exceptions. One of these … Continue reading Super teething issues
On the superannuation front, we now have two major reports assessing how super accounts fared in the 2022 calendar year. SuperRatings issued its average balanced return recently and found it was minus 4.8%. Late last year, ChantWest undertook a similar exercise – reporting a figure of minus 4.6%. There have been four negative years since … Continue reading Crystalising capital losses
What You Need to Know The Australian Securities and Investments Commission (ASIC) has recently cancelled the registration of 374 auditors of self-managed superannuation funds (SMSFs) who failed to lodge their annual statements. This is a crucial step taken by ASIC to maintain trust and confidence in the SMSF sector, which holds more than $865 billion … Continue reading ASIC Cancels Registration of 374 SMSF Auditors
