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Work From Home (WFH) arrangements seem to have got our creative juices flowing with more online, home-based businesses springing up every day, providing a limitless variety of goods and services.
We all, to a greater or lesser extent, have an idea of our dream lifestyle. So how, as a nation, are we faring?
To help their investors reap the rewards of compounding, many companies offer dividend reinvestment plans (DRPs).
Control and flexibility are two reasons why more young people are considering setting up a SMSF, but many are unaware of how they work and what’s involved.
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for December 2021.
Some tips and insights to help your readers get ready for the gift-giving and celebrations of Christmas.
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for November 2021.
Is it the right time to leap into the property investment market? With low interest rates and rising house prices, many investors are jumping on the property band wagon.
For many women approaching retirement, the gender pay gap has resulted in an uncertain retirement future.
Naturally, people aspire to get the most out of their investments, especially if a great opportunity is presented by a ‘trusted’ organisation. However, investment scams occur more often than you may think, highlighting the risk both self-directed investors and SMSF trustees may potentially face when seeking new investment opportunities.
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for October 2021.
This article compares the average incomes of Australian retirees and analyses how renting may impact their retirement lifestyle.
It was hard to miss the media splash about international tax evasion when the Pandora Papers were released, with local interest focussing on what Australian tax authorities would do with this massive trove of information.
Taxpayers can vary their pay as you go ('PAYG') instalments throughout the year if they think they will pay too much, compared with their estimated tax for the year.
As part of its Digital Business Plan, the Government announced the full implementation of the 'Modernising Business Registers' program. This included recently enacted legislation introducing the new director identification number ('director ID') regime.
Now that new legislation allows a maximum of six members in an SMSF, some fund trustees may be wondering if this could be an easy way to ensure a smooth transfer of their super to the next generation.
Superannuation has provided most fund members with stellar returns since last year’s COVID lows. As always though, some funds performed better than others and recent government reforms make it easier to find out how your fund compares.
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for September 2021.
As part of the expansion of Single Touch Payroll (known as STP Phase 2), from 1 January 2022, employers will need to report additional payroll information in their STP reports.
Selling your business property is a big decision and it’s easy to focus on the sale price, but this can be a costly error.
The JobMaker Hiring Credit scheme's third claim period is now open, so if a taxpayer has taken on additional eligible employees since 7 October 2020, they may be able to claim JobMaker Hiring Credit payments for their business.
The ATO is reminding property investors to beware of common tax traps that can delay refunds or lead to an audit costing taxpayers time and money.
The Government is providing additional support to small and medium sized businesses ('SMEs') by expanding eligibility for the SME Recovery Loan Scheme.
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for August 2021.
Australian shares are popular investments with self-funded retirees and anyone who depends on income from their investments, due in part to the favourable tax treatment of franked dividends.
Buying insurance through super has many advantages, but you need to make sure you are getting the right cover for your individual needs. In some cases, you may be paying for nothing.
When it comes time to investigate residential aged care for yourself, your partner, parent or relative, the search for a facility and how to pay for it can seem daunting.
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for July 2021.
While every financial crisis is different, some investment rules are timeless. So, what are the lessons of the last 18 months?
Making additional personal contributions to superannuation is a great way to boost your retirement savings in a tax-effective way. But there are strict caps or limits on the amount you can contribute each year and stiff tax penalties for exceeding the limits.
As the new financial year gets underway, there are some big changes to superannuation that could add up to a welcome lift in your retirement savings.
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for June 2021.
Fears of a resurgence in inflation has been the big topic of conversation among bond and sharemarket commentators lately, which may come as a surprise to many given that our rate of inflation is just 1.1 per cent.
Self-managed super funds (SMSFs) have emerged from a difficult year stronger than ever. Not only have balances been repaired after the initial market shock in the early days of COVID-19, but more young people and women are taking control of their retirement savings.
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for May 2021.
The Federal Government recently announced an extension of the temporary reduction in superannuation minimum drawdown rates for a further year to 30 June 2022.
If you’ve owned an individual income protection or salary continuance policy in recent years, you may have seen your premiums increase as insurers struggled to cover their large losses on these products.
As the end of the financial year approaches, now is a good time to check some new and not so new ways to reduce tax and boost your savings.
Here’s a roundup of some of the key developments when it comes to tax.
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for April 2021.
The ATO has recently released its annual statistical overview for self managed superannuation funds (SMSFs) the 2018/2019 financial year, providing key statistics and analysis of the SMSF sector.
Support for Australia’s businesses and our personal finances was at the heart of this year’s Federal Budget as the Morrison Government continues its attempts to strengthen the post-lockdown economy.
In his third and possibly last Budget before the next federal election, Treasurer Josh Frydenberg is counting on a new wave of spending to ensure Australia’s economic recovery maintains its momentum.
The ACNC has published a new best-practice guide for charities reporting on government revenue they receive.
Separation and divorce can be a challenging time, often made all the more difficult when you have to divide your assets. So how do you go about decoupling your superannuation?
For many people, the idea of managing and investing your own retirement savings is very appealing. But there is ongoing debate over whether running your own self-managed super fund (SMSF) is cost effective. So, what are the arguments for and against having your own fund?
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for March 2021.
The recent sharp rise in bond rates may not be a big topic of conversation around the Sunday barbecue, but it has set pulses racing on financial markets amid talk of inflation and what that might mean for investors.
As we approach tax time, we also head into the season where scammers increase their activity – that is, looking to hoodwink small business and individuals alike. Scammers are becoming increasingly sophisticated, so it pays to be aware of what is real and what is fake.
As the Australian Taxation Office (ATO) turns its attention to businesses and individuals who have used COVID-related support programs, many taxpayers are likely to find themselves on the tax man’s radar.
From 1 July 2021, the concessional and non-concessional caps are scheduled to increase.
After spending their working life building retirement savings, many retirees are often reluctant to eat into their “nest egg” too quickly. This is understandable, given that we are living longer than previous generations and may need to pay for aged care and health costs later in life. But this cautious approach also means many retirees are living more frugally than they need to.
Given that money has the potential to be a source of conflict in relationships, it’s a now a good time to get in sync to ensure you are on track to achieving financial harmony.
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for February 2021.
As the economy begins to get back on its feet, it’s time to get your business back on track and start preparing for this year’s tax time.
Like trees losing their leaves in autumn, why not take a leaf out of their book and choose this time of year to shed some of your own financial baggage.
Individuals and small business owners who have taken advantage of the government’s COVID-19 support programs will find themselves increasingly under the tax man’s microscope in coming months. This is just one of the key developments occurring in the world of tax at the moment.
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for January 2021.
As anyone who has joined the weekend crowd at Bunnings knows, Australians love DIY. And that same can-do spirit helps explain why 1.1 million Aussies choose to take control of their retirement savings with a self-managed superannuation fund (SMSF).
As the economy starts to recover from COVID-19 shutdowns, some sectors may take longer than others to return to their normal operating capacity and some companies may never fully recover. That means there is still the chance that some employees could be made redundant.