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Superannuation Death Benefits

Date: August 9, 2022
Categories: Superannuation
In order to ensure that the right assets go to the right beneficiaries, you need to sort out your estate plans regardless of the size of your superannuation benefits. You will need to get holistic estate planning advice and have arrangements in place to review your estate plans regularly.The rules o ...
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How ASIC regulates Insurance?

Date: August 8, 2022
Categories: Financial Planning
Resolving problems with insurance companiesThere are three steps you can take to resolve issues with your insurance company:Contact the insurer - Explain the issue to them by phone, in person, or in writing.Make a formal complaint - If you are not happy with their response or if the problem c ...
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Bookkeeping for Cryptocurrency

Date: August 8, 2022
Categories: Bookkeeping
The best way to do the bookkeeping for Cryptocurrency is to record every transaction related to Cryptocurrency. This will look like a very long process, but it will reduce our time while reporting. Record Cryptocurrency: Debit your cash account if you are selling it for currency. Create a new cryp ...
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Business Viability Assessment

Date: August 8, 2022
Categories: Business Service
Inflation in Australia is the highest it has been since the early 1990s. The Australian economy is expected to continue to grow this year, too, so with this highest inflation in place, it’s important to assess the viability of the business.Business viability refers to a situation in which a busine ...
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ATO Update (August 2022)

Date: August 8, 2022
Categories: Monthly Update
Car expenses: cents per km ratesThe ATO has finalised a legislative determination that from 1 July 2022, work-related car expense under cents per kilometer has increased from 72 c/km to 78 c/km.ATO Reasonable Travel AllowancesATO has released its annual ruling setting out the amounts i ...
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