News

Superannuation: What is TRIS (transition to retirement income stream)?

Superannuation: What is TRIS (transition to retirement income stream)?

A transition into retirement income stream (TRIS) gives Australians flexibility as they move from full-time work into retirement.

SMSFs: The importance of lodging tax returns on time

SMSFs: The importance of lodging tax returns on time

SMSF trustees must lodge tax returns on time or face late lodgement penalties and risk having their details removed from the Super Fund Lookup.

Compulsory ‘payday super’ to make Aussies better off in retirement

Compulsory ‘payday super’ to make Aussies better off in retirement

Millions of Australians will be better off in retirement thanks to superannuation reforms announced by the federal government.

Updates to fringe benefits tax (FBT) for vehicles

Updates to fringe benefits tax (FBT) for vehicles

Changes to fringe benefits tax (FBT) in relation to the use of company vehicles have been introduced this year. Here’s what you need to know.

What are the pros and cons of downsizer contributions?

What are the pros and cons of downsizer contributions?

Some limits apply, so it’s worth weighing up the pros and cons to determine if a downsizer contribution is the right move for you.

Federal budget 2023-24: key outcomes for tax, super, small business

Federal budget 2023-24: key outcomes for tax, super, small business

The federal budget shares changes that will impact key areas of tax, superannuation, and small business operations. Read on for a summary.

Increase in investment scams cost Australians billions

Increase in investment scams cost Australians billions

Australians lost a record $3.1 billion to fraud in 2022, with investment scams the highest loss category. Here’s what to be aware of.

LDB quarterly share market review: First quarter (Q1) 2023

Bearish outlook for share market

The share market is looking bearish, as interest rates and inflation remain high and unstable events unfold across the global banking sector.

Reserve Bank pauses interest rates at 3.6 per cent after 10 consecutive increases

Reserve Bank pauses interest rates at 3.6 per cent after 10 consecutive increases

Mortgage holders can finally enjoy some financial reprieve after 10 months of back-to-back interest rate hikes, but it may only be temporary.

What is GST? Your guide to goods and services tax

What is GST? Your guide to goods and services tax

GST is a tax on the supply of goods and services – here’s how you’ll know if you are required to pay GST and how it all works.

Why making voluntary repayments on HELP debts could benefit you

Why making voluntary repayments on HELP debts could benefit you

If you have a HELP debt, there may be benefits to paying off your debt before June 1, regardless of whether that is in part or in full.

How to choose a financial planner to grow your wealth

How to choose a financial planner to grow your wealth

Choosing a financial planner to grow wealth is one of the most important decisions you will ever make, so you need to get it right.

Understanding the role of your owners’ corporation manager

Understanding the role of your owners’ corporation manager

The role of an owners’ corporation manager is complex, so choosing one requires a detailed understanding of what the role entails.

Hubdoc for Xero: what to know about the accounting software add-on

Hubdoc for Xero: what to know about the accounting software add-on

Hubdoc for Xero is the software add-on favoured by small to medium businesses because it streamlines accounting processes.

Shortcut method for work-from-home deductions scrapped

Update: Shortcut method for work-from-home deductions

Individuals who work from home and claim tax deductions will need to keep detailed records and be mindful of some changes.