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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?".
What exactly is a recession and is it all bad news for local share market investors?
Recent research has shown that millennials consider property investment the most appealing investment option, followed by the stock market.
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 2022.
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 2022.
Many business owners make the mistake of ignoring superannuation in preference for re-investing spare funds in their business, hoping they can then sell at a premium when it comes time to retire.
One of the more popular changes to the superannuation laws in recent years has been the ability to make downsizer contributions.
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 2022.
To downsize or not to downsize is the question facing many home-owning Australians in the lead up to or in their retirement years.
Buying a home is one of the most significant decisions a person makes. In a modern landscape where the ratio of homeowners to renters decreases, the emphasis on making an informed financial decision like buying a home is amplified.
If you are a Company Director and you haven’t yet applied for a director ID, your deadline to apply is 30 November 2022.
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 2022.
At the beginning of 2022 the Australian economy appeared to be sliding into recession, dragged down by higher interest rates and even higher inflation levels.
The Queensland Department of Justice and Attorney-General has proposed amendments to the Associations Incorporation Regulation 1999 and the Collections Regulation 2008.
ACNC-registered charities that conduct fundraising in Queensland are from now on required to report information about their fundraising activities only in their annual information statements.
Given the changing landscape and difficulty many NFPs have in securing regular funding and donations, the ATO is seeing more of them undertake commercial activities to generate income.
The ATO has reminded Directors of NFP organisations and clubs registered with the Australian Securities & Investments Commission to get IDs.
The Australian Charities and Not-for-profits Commission is urging charities to consult its website for practical guidance and tips to simplify the filing of annual information statements.
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 2022.
While retirement should be the best years of your life, many Australians make simple, avoidable mistakes with their finances that can leave them dependent on the age pension and without the funds to really enjoy life.
Australians love to invest in property. And what’s not to love? It’s tangible, offers diversification and tax benefits, and can provide you with a good income and strong capital growth.
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 2022.
Making superannuation contributions is historically connected to employment. Broadly speaking, it represents savings by employees and the self-employed for their eventual retirement from work.
With Australian households being one of the most indebted in the world, this article explains six key steps to quickly get your cash flow back in the black.
This article looks at the history of home loans from the 1970’s to 2022, detailing the rise of inflation and consequent interest rate spikes.
The ATO can make company directors personally liable for unpaid GST, PAYG and superannuation.
Law changes are being introduced to reduce red tape and improve internal governance for Queensland’s 23,300 incorporated associations, including 3750 registered as charities.
The Australian Securities & Investments Commission is urging directors, report preparers, and auditors to assess whether financial reports provide useful and meaningful information.