Market Snapshot: May 2022
Jun 13 2022In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for May 2022.
Take control of your mortgage
Jun 13 2022For most Australians the largest financial commitment ever undertaken is their home mortgage.
Superannuation Contribution Changes: 1 July 2022
Jun 13 2022Several key super changes which may impact your ability to contribute to your SMSF, are set to take effect from 1 July 2022.
ATO warns about GST fraud
Jun 13 2022Taxpayers are being warned to be on the lookout for dodgy online ads, often on social media platforms, promising easy GST refunds.
Avoid double dipping on your deductions
Jun 13 2022Taxpayers are reminded not to make the mistake of ‘double dipping’ on deductions in their tax return this year.
Employers need to prepare for changes under STP expansion
Jun 13 2022Single Touch Payroll ('STP') reporting has been expanded.
Get ready for super changes from 1 July 2022
Jun 13 2022As the new financial year approaches, employers need to be aware of two important super changes.
Market Snapshot: April 2022
May 9 2022In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for April 2022.
Withdrawal and Recontribution Strategy
May 9 2022A common strategy to reduce potential tax in the event your super is paid as a death benefit is a withdrawal and recontribution strategy.
Unlocking the mysteries of your super statement
May 9 2022Superannuation statements. Boring, right? But if, like many people, you toss your annual super statement in a drawer or hit delete, you could be depriving yourself of many thousands of dollars just when you need it.
Charity thresholds change
May 6 2022Thresholds for determining a charity’s size are changing, and thousands of charities will see their reporting obligations reduced.
New rules for meetings and documents give flexibility
May 6 2022Thousands of Australia’s registered charities will enjoy greater flexibility when staging meetings – as well as signing and executing documents – through recent amendments to federal legislation.
Disclosure of business tax debts
May 6 2022The ATO is in the process of writing to taxpayers that may be eligible to have their tax debts disclosed to credit reporting bureaus (‘CRBs’).
High Court rejects attempt to disclaim interest in trust distribution
May 6 2022The High Court has rejected a taxpayer’s attempt to disclaim an interest in trust income that arose as a result of a default beneficiary clause being triggered.
The effect of rising inflation
May 6 2022The word ‘inflation’ doesn’t only dominate business news headlines, but finds its way into general news reports too. So, what is inflation and how does it affect you?
Nine Tried and True Money Tips
May 6 2022Life gets so busy and the months soon roll into years when suddenly you find that your finances are off track and you’re nowhere near achieving your goals.
Market Snapshot: March 2022
Apr 19 2022We take a glimpse at what the market has been up to and what the key developments were for March 2022.
How to create savings while paying off debt
Apr 19 2022Over the past 30 years, Australians' household debt has increased. According to the Reserve Bank of Australia, our household debt-to-income ratio has risen from 70 per cent in the early 1990s to around 190 per cent today.
Frequently asked questions about super
Apr 19 2022If the ins and outs of superannuation leave you confused, the answers to these frequently asked questions will help you understand the
basics.
Is your business .au ready?
Apr 6 2022Anyone with a local connection to Australia including businesses, associations and individuals is now able to register a new category of domain name.
Cents per kilometre deduction for car expenses – 2023 income year
Apr 6 2022The ATO has proposed for individual taxpayers that use the cents per kilometre method when calculating tax deductions for their work-related car expenses, that the rate per kilometre for the income year starting 1 July 2022 (the 2023 income year) will be 75 cents per kilometre.
Re-contribution of COVID-19 early release super amounts
Apr 5 2022Individuals can now re-contribute amounts they withdrew under the COVID-19 early release of super program without the re-contribution counting towards their non-concessional contributions cap.
JobMaker Year 2: Adjusting baseline headcount
Apr 5 2022If you have been claiming the JobMaker Hiring Credit, please be aware that the ATO will now calculate an adjusted baseline headcount for the claim.
Federal Budget 2022 - 2023 Analysis
Mar 30 2022Last night, Treasurer Josh Frydenberg delivered the final Federal Budget before the next election. So what does the 2022-23 Budget announcement mean for you, your family and your community?