News
Superannuation
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.
Superannuation
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.
Superannuation
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.
Tax Compliance & Accounting
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.
Superannuation
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.
Tax Compliance & Accounting
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.
Industry News
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.
Wealth Management
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.
Wealth Management
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.
Tax Compliance & Accounting
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.
Tax Compliance & Accounting
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.
Wealth Management
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.
Owners' Corporation Management
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.
Tax Compliance & Accounting
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.
Tax Compliance & Accounting
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.