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The Australian Charities and Not-for-profits Commission has announced that it will focus on the misuse of complex corporate structures and the way charities manage cyber-security challenges.
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 2024.
What do trustees and members of SMSFs do if or when they become incapable of managing their own fund?
After 20 years of business operations at 619 Ruthven Street, Toowoomba, we have relocated to our new premises located at 160 Hume Street, Toowoomba.
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 2024.
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We are excited to let you know that the renovations at our new Toowoomba office located at 160 Hume Street have been completed and over the coming weeks, we will be progressively moving across to the new office.
The Government has proposed to increase the value of a penalty unit which is just another reason to consider a corporate trustee for your SMSF.
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 2024.
Many Australians caught in the nine-to-five grind of working for a living dream of the possibility of taking early retirement, spending their days travelling or playing golf or doing nothing much at all.
Many people have great business ideas but are often overwhelmed when they look to turn their idea into a thriving business. Here are 5 tips for translating your dream into reality.
Often, self-employed people prefer reinvesting back into their businesses, hesitant to stash money away in superannuation. Yet, there's a compelling case for setting aside a slice of your earnings.
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 2023.
In these ever-changing and uncertain times in society, there has never been a greater emphasis on our health and wellbeing.
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 2023.
It’s the most common story financial professionals hear. Unfortunately, too many people fail to set aside emergency savings to see them through life’s hiccups.
The ACNC has released a record-keeping checklist to promote good record-keeping practice and to support charities in meeting their ACNC obligations.
New questions in the recently launched 2023 AIS require charities to disclose their dealings with related parties.
The ACNC has released findings from 250 annual information and financial statements submitted for the 2021 reporting period.
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 2023.
The government regularly reminds us that each Australian must take responsibility for funding their future.
The dream of retiring young is one that captivates many peoples’ imaginations. The freedom to live life on your own terms, doing what you want, when you want is undeniably appealing, but is it attainable?
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 2023.
We all have different desires and goals in life, but most of us share the dream that one day we would like to achieve our particular version of ‘financial freedom’.
Ask most 30 year olds who their financial planner is and the typical response might be ‘huh?’ After all, financial advisers are for older people with plenty of money to invest, aren’t they?
This article looks at some of the common traps small business operators can fall into when calculating and preparing their BAS returns.
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 2023.
While older Australians are reportedly among the wealthiest retirees in the world, much of their wealth is tied up in their family home, leaving many to worry about how they will find the money to pay for their day-to-day expenses when they stop work.
Many people think that Estate Planning is only for people who are close to retirement, especially if we fall into the trap of thinking that Estate Planning is just about getting a will. But did you know that Estate Planning addresses key protection strategies whilst you’re still alive?
The Australian Aged Pension scheme provides a wonderful safety net for those with limited assets in retirement, although many remain confused by how their age pension entitlements differ from so called superannuation income streams.
In this months market snapshot, we take a glimpse at what the market has been up to and what the key developments were for July 2023.
In 2023 annual information statements, all but basic religious charities will be required to report their related-party transactions to the ACNC due to changes announced in November 2021.
The ACNC's governance standards is a set of core principles dealing with how a charity should be run. It's timely to review your compliance with them.
The new financial year provides an opportunity for a fresh start for your finances. Make this the financial year you get on top of yours… for good!
In this months market snapshot, we take a glimpse at what the market has been up to and what the key developments were for June 2023.
Along with increasing term deposit and savings interest rates, one of the few benefits of the recent rise in inflation is that some important superannuation thresholds are increasing from 1 July 2023.
Millennials in Australia are facing an unprecedented challenge when it comes to planning for retirement.
In this months market snapshot, we take a glimpse at what the market has been up to and what the key developments were for May 2023.
Young investors have greater access to education around investing, more diverse opportunities for investing, as well as a rise in social media content creators creating communities around building wealth – making this topic much more popular among younger generations.
The Australian Taxation Office (ATO) has announced its top key focus areas for the tax year, basing the list on the priority areas they often see mistakes being made.
Budgeting for retirement is like preparing your suitcase for an epic journey! Packing the right items and planning ahead is essential to ensure you don't run into any unexpected surprises along the way.
In response to the COVID-19 pandemic and the subsequent impact on global economies and financial markets, the Government reduced the minimum pension drawdown rate for account based and transition to retirement pensions by 50% for the 2019/2020 and 2020/2021 financial years.
With reports of cyber crime on the rise, the ACNC is reminding charities of cyber-security risks, giving guidance and practical tools to help to reduce them.
To arm charities to combat fraud, Chartered Accountants Australia and New Zealand in collaboration with Social Business Consulting have released Charity Fraud: Tools for Prevention.
One of the best ways to bolster transparency and accountability in the sector, says acting commissioner of the Australian Charities and Not-for-profits Commission Deborah Jenkins, is through education.
In this months market snapshot, we take a glimpse at what the market has been up to and what the key developments were for April 2023.
In this months market snapshot, we take a glimpse at what the market has been up to and what the key developments were for March 2023.
Not all scams come from far off distant places, and they aren’t all trying to empty your account as quickly as possible.
While millennials have for decades been treated like ‘the children of Neverland, who never grew up’, reality is fast catching up with this
generation, who are now young adults between the ages of 24 and 40.
Debt can be overwhelming and stressful, but creating a plan to pay it off can help ease that burden.
In late 2022, the government announced some fairly significant changes to the income test threshold for the Commonwealth Seniors Health Care Card.
According to research by the Commonwealth Bank (CBA) (September 2022), 60% of Australians reported having personally been a victim of a scam, or knew someone who had, and 57% of Australians reported becoming more concerned about scams over the last 12 months.
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 2023.
Found yourself separated and suddenly single later in life? There are steps you can take now to boost your super and ensure your divorce doesn’t derail your financial future.
Following the recent announcement by the ATO, employees who claim the fixed rate work from home method are being advised to keep strict records of their hours.
Charities must meet ACNC obligations to remain registered.
From 1 July, NFPs that self-assess income-tax exemption and have an active Australian business number will be required to lodge an annual self-review return.
The big impact on millions of Australians of recent data breaches and the findings of the Notifiable Data Breaches Report: January to June 2022 stresses a need for organisations to have robust information-handling practices and an up-to-date data-breach response plan.
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 2023.
While self-managed super funds have long been the preserve of older Australians with time on their hands and large superannuation balances, new data suggests that younger Australians are increasingly choosing to take direct control of their superannuation savings.
It's always a good idea to regularly check in on your financial position, whether there's been a significant change in your financial situation or not. And for those who find themselves with spare funds, it often raises the question, "Should I pay down my home loan or invest these funds elsewhere?".