Tax
Up to 250,000 workers could get electric car discount
9 August
As many as 250,000 Australian workers could unlock significant electric vehicle discounts after a change to small business software that will automate car leases. The change, from accounting platform MYOB, could help more than 100,000 businesses...[Read More]
Union wants super profits tax to pay for social housing
26 July
One of Australia’s most powerful unions wants a tax to be slapped on big businesses to pay for social and affordable housing. The CFMEU has called for a super profits tax to bankroll construction and solve the country’s housing crisis. National...[Read More]
Super guarantee contributions due by 28 July
12 July
Remember, super guarantee (SG) contributions for your eligible employees are due by 28 July. Follow Ricky’s story below to learn more about your obligations as an employer. Ricky operates a florist where he hires multiple employees to help manage...[Read More]
Steps to Building an Emergency Fund and Why You Need One
15 June
Life is unpredictable, and financial surprises can arise when you least expect them. This is where an emergency fund comes in. This financial safety net is designed to cover unexpected expenses, like car repairs or medical bills, or provide support...[Read More]
ATO latest scam alerts
15 June
Be wary of emails, phone calls and text messages claiming to be from the ATO. If you think a phone call, SMS, voicemail, email or interaction on social media claiming to be from the ATO is not genuine, do not engage with it. You should...[Read More]
Tax office targets working from home deductions
15 June
The fixed rate method for calculating your deduction for working from home expenses has been revised. The revised fixed rate method is $0.67 per work hour and available from 1 July 2022. The fixed rate method has been revised to: increase the...[Read More]
End of financial year tax tips
1 June
July 1st is fast approaching, and we all know what that means. Yes, it’s tax time. Unfortunately, filing taxes can be a laborious, frustrating, time-consuming, and somewhat overwhelming process for some of us. However, for others, filing their...[Read More]
Super health check
17 May
Use this checklist to review the health of your super in 5 easy steps. Why you should review your super Your super is one of the biggest assets you’ll accumulate in your lifetime. However, many Australians think they don’t need to worry about...[Read More]
Super tax tweak to slug top 10pct, Treasury docs reveal
26 April
A 20-year-old earning an average wage – about $90,000 a year in today’s terms – is expected to be captured under federal government changes to superannuation tax concessions, but only by the time they reach their early sixties. New Treasury...[Read More]
Why is it important to discuss inheritance planning with your family
4 February
While most people write wills, very few families discuss inheritance. Parents avoid discussing inheritance planning with their children due to the subject’s sensitivity. However, avoiding the conversation does more harm than good. For example,...[Read More]
Pressure builds to ditch tax cuts in next budget
1 February
Welfare advocates are putting a spotlight on the federal government’s planned tax cuts for the wealthy, urging them to be scrapped in favour of lifting the rate of JobSeeker and other support payments. Anglicare Australia has released its...[Read More]
Top 5 advantages of home ownership
29 December
Your decision to purchase a new house is a significant life event, and the thought of becoming a homeowner might be a little intimidating. However, homeownership brings with it several advantages, including the freedom to design your home as you...[Read More]
Experts want stage three tax cuts revised
14 December
A former Reserve Bank governor has joined more than 100 economists and tax experts to call for an overhaul of the stage three tax cuts. Former RBA governor Bernie Fraser, Nobel Prize-winning economist Joseph Stiglitz and former Australian...[Read More]
Wills and Estates
8 December
The significance of choosing the appropriate structure to make the protection and maintenance of your assets possible cannot be overstated. This is necessary regardless of whether you have acquired your fortune on your own or through inheritance. In...[Read More]
If you became a director before 31 Oct 2021, you need to apply for your directors ID now
23 November
When you need to apply is determined by when you were first appointed, and under which Act. If you plan to become a director, you can apply before you’re appointed. Corporations Act directors When you must apply for your director ID depends on...[Read More]