Have you considered downsizing or relocating and are feeling overwhelmed by the process you will have to go through in sorting out all of your belongings. Or a loved one has passed away and you now have the daunting task…
If you’re a tradie it pays to learn what you can claim as a tax deduction. To claim a deduction for work-related expenses: you must have spent the money yourself and not be re-imbursed for the expenses it must directly…
According to a new research by Finder, more than half of Australians do not have a valid will. Estate planning is something that should be thought about and planned, sooner rather than later. Have you ever had a crisis and suddenly…
Why should you review your super? One of the biggest assets you’ll accumulate in your lifetime is your super. However, many Australians think they don’t need to worry about their super until retirement. It’s important that you regularly review and…
About the boost If you are a small business with an aggregated annual turnover of less than $50 million, you may be entitled to an additional 20% tax deduction on any expenses incurred to support your digital operations or to…
From the 2 – 8 October, Australia will be celebrating the 23rd Financial Planning Week. Each year, Financial Advice Association Australia (FAAA) and its members celebrate Financial Planning Week to raise awareness about the benefits of financial planning amongst Australian…
What is ‘Living the dream’? The definition of living the dream can be different for each of us, however in some recent research conducted by the Financial Planning Association (FPA), the top 3 indicators of a dream life include: Having…
If you have received or have given a gift of crypto assets you will need to consider the tax implications that can occur. Giving a gift or donation in crypto By donating or gifting crypto assets you are essentially disposing…
The global economy has continued to slow in response to severe measures taken by most of the world’s major central banks, especially across the advanced economies, to counter rising inflationary pressures. As the International Monetary Fund (IMF) noted in its…
When lodging your 2023 tax return you may notice that your tax outcome may be different than in previous years. Your refund may be lower or you may receive a tax bill. Your tax return outcome may change for any…