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Finances

Paying taxes and maximising tax deductions

Paying taxes and maximising tax deductions

Tax time can feel stressful; however, paying close attention to allowable deductions may lower the tax you need to pay on your tax return. Here are some allowable deductions you may wish to...
5 common financial mistakes to avoid during a crisis

5 common financial mistakes to avoid during a crisis

The economic impact of the COVID-19 pandemic is playing havoc with finances for many households. In an ideal world, the financial boost should be enough and assumes that everyone was...
Balancing wealth and happiness

Balancing wealth and happiness

It can at times seem like life is a seesaw of logic and emotion. If you believe by emotion, then no amount of reason can talk you out of how you feel. It’s how some fall prey to a life of...
Super changes add flexibility

Super changes add flexibility

Just when you thought you had a grip on the superannuation rules, they change again. This time though, the changes are mostly positive, especially for older super members keen to top up...
Extension of the JobSeeker program

Extension of the JobSeeker program

The Government is extending the Coronavirus Supplement to eligible recipients to 31 December 2020. The amount of the Supplement will be adjusted to reflect the gradually improved economic...
JobKeeper changes announced

JobKeeper changes announced

The JobKeeper Payment has been extended by a further six months to March 2021, targeting support to those organisations which continue to be significantly impacted by COVID-19. From 28...
New financial year – new perspective

New financial year – new perspective

The start of the financial year is always an excellent time to take stock of your current situation and visualise where you’d like to be in the future.  It’s fair to say this year...
Housing market: shaken but not stirred

Housing market: shaken but not stirred

With Australia in a COVID-induced recession, residential property is not immune to falling economic activity. Yet housing prices are proving surprisingly resilient.  Only months ago,...
Tax Alert June 2020

Tax Alert June 2020

With COVID-19 dominating everyone’s thoughts, employers are being offered a brief window of opportunity to get their tax affairs in order with the new Superannuation Guarantee (SG)...
How COVID-19 changes tax time

How COVID-19 changes tax time

As this financial year draws to a close, it will be viewed as a year like no other. COVID-19 (coronavirus) has impacted everybody’s life, albeit in different ways for different...
Instant asset write-off extended

Instant asset write-off extended

To further support Australian businesses through the fallout resulting from COVID-19, the government has extended the $150,000 instant asset write-off for an additional six months to 31...
End of Financial Year checklist

End of Financial Year checklist

It always takes some planning to get your finances in order for the end of financial year, and this year may look a little different, come June 30. The COVID-19 pandemic may have impacted...
9 retirement planning myths debunked

9 retirement planning myths debunked

We’ve all read internet fake news and passed down family stories about common retirement “rules of thumb”. Google the word “retirement” and you’ll get 748,000,000 results in...
Time to reassess your financial priorities

Time to reassess your financial priorities

At a time of uncertainty about the economy, not to mention unexpected social isolation, people are rethinking their personal and financial priorities.  Whether you are spending less by...
Starting over: how to bounce back after 60

Starting over: how to bounce back after 60

Have you ever gone through a major life event that forced you to start again? For some, it’s a scary time filled with change, anxiety and confusion. But it doesn’t have to be that way....
Withdrawing Super: what to consider

Withdrawing Super: what to consider

The federal government has been releasing details of financial support available to Australians who have lost income due the economic impact of the COVID-19 pandemic. A huge number of us...
Why you need to keep your identity safe

Why you need to keep your identity safe

Have you received an unexpected email or text asking you to ‘confirm’ personal details by clicking on a link or opening an attachment? It could be an attempt to steal your information...
The Big Differences between the Great Depression and Covid-19

The Big Differences between the Great Depression and Covid-19

Global economic activity has grounded to a halt, prompting fears the world is in for a re-run of The Great Depression. While there might be similar scenes, the parallels are not as strong...
New tax shortcut for employees working from home

New tax shortcut for employees working from home

With many people now working from home because of COVID-19, some of the expenses your employer normally pays – such as electricity, heating and cooling – are now coming out of your...
Temporary Relief for Financially Distressed Businesses

Temporary Relief for Financially Distressed Businesses

The coronavirus is first and foremost a health crisis, but as measures are being taken to reduce the spread of the virus throughout the community, many profitable businesses may temporarily...
Accelerated depreciation deductions to benefit businesses

Accelerated depreciation deductions to benefit businesses

The Government has accelerated depreciation deductions for the next 15 months. Up until June 30, 2021, businesses turning over less than $500 million will be able to deduct 50 per cent of...
Economic Stimulus Package – JobSeeker or JobKeeper

Economic Stimulus Package – JobSeeker or JobKeeper

In a rapidly evolving response to the spread of COVID-19, the Federal Government announced in March a new suite of welfare packages to help Australians who've found themselves out of work....
Economic Stimulus Package – Payments to love income households and pensioners

Economic Stimulus Package – Payments to love income households and pensioners

As part of the Government's series of measures to support the economy and individuals through the Coronovirus crisis, Newstart recipients, age pensioners and veterans are being provided...
JobKeeper Payment: What is it, how much and who is eligible

JobKeeper Payment: What is it, how much and who is eligible

The Australian Government’s JobKeeper program is designed to help an estimated six million workers to retain their jobs through the crisis. Eligible employees will earn $1500 per...
Coronavirus and Stimulus Packages

Coronavirus and Stimulus Packages

In these unprecedented times, we have seen an unprecedented response by both Commonwealth and State governments in efforts to keep the economy moving along, as well as keeping people...
Coronavirus Safety Net Expanded: What does it mean for you?

Coronavirus Safety Net Expanded: What does it mean for you?

In a rapidly evolving response to the spread of COVID-19, the Federal Government’s second support package announced over the weekend has flicked the switch to more income support for...
Hold on – Bumpy markets ahead

Hold on – Bumpy markets ahead

After period of optimism, global investment markets have hit the panic button on fears about the possible economic impact of the coronavirus (COVID-19).  At times like these, it’s...
Women and Money: Seize the day!

Women and Money: Seize the day!

As the world celebrates International Women’s Day and all that women have achieved, it’s a good opportunity to take stock. Women have undoubtedly come a long way in terms of workplace...
Hatching your nest egg early

Hatching your nest egg early

The summer bushfires have touched the lives of all Australians. For individuals who lost homes, businesses or livelihoods, the financial hardship lingers, prompting many to ask whether they...
How does your insurance measure up?

How does your insurance measure up?

As a tradie, you are largely dependent on your physical ability to earn a living. So, what would happen if you fell ill or had an accident? Would you be able to continue your current...

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