We often focus on what we want to achieve – whether it’s saving more, retiring earlier, or eating healthier. But the key to long-term success isn’t just the goal—it’s the system and the mindset that support it. Based on insights…
Company Director Duties: A Practical Checklist for New Directors January 1, 2026 Stepping into a company directorship is an exciting milestone — but it also comes with serious legal responsibilities. Many directors don’t fall into trouble because of misconduct, but…
If you’re moving to Australia, leaving the country, or spending time abroad, knowing your tax residency status is crucial. It determines which income you must declare, what deductions you can claim, and your overall tax obligations with the Australian Taxation…
Dealing with the loss of a loved one is challenging enough without the added complexity of managing their financial and tax affairs. Thanks to a comprehensive step-by-step guide published by the Australian Taxation Office (ATO), navigating the key responsibilities after…
Ensuring proper record-keeping isn't just good business — it’s a legal requirement enforced by the Australian Taxation Office (ATO). Failing to comply can trigger administrative penalties, audits, or even prosecution. Here’s what you need to know to stay on the…
The global economy has continued to sustain solid growth and avoid recession despite the implementation since 2022 of tight monetary policy by most of the world’s major central banks in an effort to lower inflation. This year, inflation has been coming…
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…
It is important to remember that whenever claiming business expenses in your tax return as a deduction, you must have the records to substantiate your claims. There must also be records as to how you worked out the business use…
The enormous pressure & uncertainty of the global COVID-19 crisis has sparked a financial crisis. Many Australians have had disruption to their income with major industries shutting down. For some, it has also meant job loss. You may be starting…
1. In order to claim a deduction for a personal contribution, a member must give their notice (or variation) by the following dates, whichever occurs first: a. the day they lodge their income tax return for the income year in…