For the 2022-23 income year onward there are changes to the record keeping requirements and calculating working from home deductions. There are 2 methods to calculate working from home deductions: Revised fixed rate method Actual cost method The revised fixed…
According to the 2021/22 edition of The Boomer Guide, Baby Boomers are spending their wealth more than any other generation. A recent study by the Productivity Commission has revealed Baby Boomers will pass on a whopping $224 billion each year…
By growing your superannuation you can take steps to make a positive difference to your lifestyle in retirement. If you are, or have been employed, you should make the most of employer’s contributions by: Checking that your employer’s super guarantee…
There’s no denying our first financial lessons come from our immediate family or the people closest to us. However, the money lessons being instilled in us are rarely sound financial advice which will work in our favour. Here are some…
Although many people have heard of Bitcoin, few know what it is. Bitcoin is a form of digital currency that is also referred to as cryptocurrency. It works on a decentralized peer-to-peer (P2P) networked program that is installed on your…
You may think that you are immune to cyber crime or instances of ransomware because there are other, bigger companies for hackers to target. However, this is not the case anymore. In fact, no business that has any form of…
It’s essential that you avoid making these common tax-related errors. #1 – Ensure your Property is Genuinely Available to Rent Your property has to be genuinely available as a rental unit in order for you to claim all the related…
When investing in property, it is not only essential to choose the right property; you will also need to be aware that you will have certain tax implications and entitlements. Below are a few tips to help ensure that you…
A lot of Australians forget that their super is their asset and can be used in retirement, however we get our super statements and put them in a shoe box or file them away because we can’t access the money…
