Single Touch Payroll (STP) – Getting clear for small businesses

Reducing the amount of tax you pay in retirement should leave you with more money for other priorities, such as your day-to-day living expenses, travelling and more. Once you’ve retired, your options for reducing taxes typically include offsetting your ...

Estate planning may not be the most exciting or pleasant thing to think about. However once you begin, you’ll see that it allows you to take control of the future in important ways and to take steps toward caring for your family after you’re gone. Estate ...

With one eye on the surplus and one eye on the 2019 election, last night’s budget had some expected pre-election treats. This budget is an election focused budget designed to win the hearts and minds of Middle Income Earners of Australia through tax cuts ...

Financial surprises can be wonderful (an unexpected bonus!) or they can be terrible (having to budget for unexpected expenses just before tax time). Life, and business, is full of these ups and downs, but we firmly believe that you shouldn’t have to deal ...

People use refinancing as a financial strategy in many situations. Homeowners refinance their mortgages to secure lower interest rates, lengthen or shorten the terms of their mortgages, convert to or from an adjustable-rate mortgage, tap into their ...

When you’re young and working on building your career, you may not have the impressive salary you’ll have a decade or two from now. But you have something that is priceless when it comes to investing: you have time. Time is an asset with any kind of ...

The primary difference between SMSFs (self-managed super funds) and other superannuation funds is that SMSF members are not just members; they’re also trustees of the fund. The sole purpose of the trust is to provide retirement income for the members or ...

The pros and cons of testamentary trusts at a glance: Trusts don’t have to pay tax on income that is distributed to beneficiaries. The trustee has the discretion to distribute income to as many beneficiaries as possible. Tax concessions for testamentary ...

When it comes to property investing, a single amount of capital can be leveraged to purchase property after property. You can use this strategy to diversify your portfolio, purchasing a range of properties in many different markets. This strategy can ...