We all hope to boost our retirement savings with our superannuation, but for some Aussies, this can seem like a pipe dream that has become out of reach. Specifically, people who work part-time, casual or who take extensive breaks from the workforce, often find it...
Unfortunately, planning for retirement isn’t as simple as it once was. There is no universal route to financial security in retirement. However, there are a few optional steps you can take to ensure you’re feeling confident and secure through your future transition. Here are a few...
On October 22nd, 2018, the Australian Government released a document proposing the implementation and amendments to improve the integrity and operation of Division 7A. This was in response to the Government’s investigation for improvements to the Income Tax Assessment Act 1936.Division 7A BackgroundIf you’re a...
The Australian Parliament has recently passed new legislation to fast-track the reduction of corporate taxes from 27.5% to 25% within the next five years. The new ‘Treasury Laws Amendment Bill 2018" is estimated to provide tax relief for around 3.3 million small to medium-sized businesses....
Queensland and New South Wales farmers are suffering through another severe and long drought. Did you know there are special government payment plans that can be utilised to ease the stress of tax reporting? Continue reading if you would like to know of these payment...
As parents, and even grandparents, one of the ways we like to give to our children is through money or financial assistance. There are, however, a lot of issues that can arise when it comes to gifting money. It’s always best to get advice on...