You may have asked yourself these Crucial Questions When Setting Up a SMSF or any other types of investment, but have you thought about what to do once you successfully set up one? While you’ve been busy securing your home and family, there have been major developments in the world of finance that could victimise […]
Superannuation Scams on the Rise: Don’t be a Victim. Read More »
Australian citizens aged 55 and over can now take advantage of downsizer contributions with the passage of the Treasury Laws Amendment (2022 Measures No. 2) Bill 2022. This means that from January 1st, 2023, eligible submissions will be accepted from those meeting criteria along with any other established eligibility qualifications. What is the downsizer super
The Age for the Downsizer Super Scheme to Drop to 55 Starting January 2023. Read More »
If you’re making contributions to your superannuation, it’s important to be aware of the contribution caps. The Australian Taxation Office (ATO) has recently updated the way it displays information about the contribution caps, making it easier for users to see whether they’re at risk of paying unnecessary tax. What Are the Contribution Caps? The contribution
ATO Has Updated Information Display on Contribution Caps Read More »
No matter what stage of the game you’re currently in, accounting and bookkeeping are vital for your eCommerce business’s success. With the proper tools, you can alleviate stress and ensure that you’re following all tax laws. Here are some effective bookkeeping and accounting tips to help you thrive in the eCommerce marketplace. What Makes Effective
Why Is eCommerce Accounting Important? Read More »
Small business owners must estimate and match expenses to revenue to keep track of their income. Without a business budget strategy or plan, a business runs the risk of spending more money than it takes in or not spending enough money to grow and compete. 1. Check Industry Standards To know how much money your
6 Surefire Steps to a Better Business Budget Strategy Read More »
A Self-Managed Superannuation Fund (SMSF) is a private fund that offers various benefits over a standard super fund. There are a number of reasons to establish a Self-Managed Superannuation Fund, and it is vital to thoroughly consider the advantages of establishing one. 1. More Investment Access and Control Establishing an SMSF allows you to
Top Reasons to Establish a Self-Managed Superannuation Fund Read More »
Using your super for an investment property can be a great strategy to increase your net worth over the long term. Therefore, it must be made with great care and planning. Moreover, there are currently only a few reasons that allow you to use super to purchase an investment property. Here are some major considerations
What to Consider When Using Your Super for an Investment Property Read More »
Tax season may be a particularly stressful time for everyone, especially business owners. It makes sense to want to pay as little in taxes as possible, to retain as much money in your pocket as you can. One way to do this is by minimising your income for tax returns. While this may seem like
Minimising Your Income: Reasons Why You Should Avoid It Read More »
Many taxpayers in Australia often commit mistakes when filing their own tax returns. Even if various tax software is being made available, if you have never had a tax agent before or never filed your tax return on your own, you may be more likely to turn in a form with plenty of errors that
How to Choose the Right Tax Agent for You Read More »
It’s safe to say that individuals get disheartened and stressed out when dealing with taxes, but that shouldn’t be the case at all with proper tax planning. With the vast changes in our economy, there’s no doubt that taxes have become even more complex and have affected our personal finances, businesses, investments, retirement funds, and
How Tax Planning Reduce the Taxes of High Income Earners in Australia Read More »
