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Debt Consolidation

Date: July 6, 2022
Categories: Financial Planning
Debt consolidation can make it easier for you to manage your repayments. But it may cost you more if the interest rate or fees (or both) are higher than before. You could also get deeper into debt if you get more credit, as it may tempt you to spend more.Here are some things to consider before decid ...
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Automate your Practice

Date: July 6, 2022
Categories: Business Service
Accounting firms are automating their practices and adopting cloud-based tools where they can focus on expanding their services and growing their business. We have seen many accounting firms that have already adopted and many of them who are in the process of automation.The benefit of automation is ...
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Plan the Business Cycle

Date: July 5, 2022
Categories: Bookkeeping
The start of the financial year is going to be the starting point for planning the business cycle for the next twelve months.1. Understand the Market – Every day, new technology or new business, or new trends are happening. We must know the opportunity and adoptability of the new technology ...
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Streamlined TBAR for SMSFs

Date: July 5, 2022
Categories: Superannuation
ATO is streamlining Transfer Balance Account Reporting (TBAR) for Self-Managed Super Funds (SMSFs). They have taken that action consulting the community, industry, and tax professionals on streamlining the lodgement of transfer balance account event-based reporting for all SMSFs.To streamline TBAR f ...
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Crypto is one of the Key areas of Focus of ATO this 2022FY
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Crypto is one of the Key areas of Focus of ATO this 2022FY

Date: June 7, 2022
Categories: Business Service
ATO has identified that many Aussies are buying, selling, or exchanging digital coins; with this knowledge, ATO is expecting to see more capital gains or capital losses reported in tax returns this year. It is one of the areas where they will focus on this 2022FY.Now, if you wonder - can the ATO tr ...
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ATO Updates (June 2022)

Date: June 7, 2022
Categories: Federal, Monthly Update
The Australian Taxation Office (ATO) has revealed four key areas that they will target this time as the 2022 tax season approaches.Record-keepingWork-related expensesRental property income and deductionsCapital gains from crypto assets, property, and sharesThese ATO priority areas will ensure that t ...
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Changes in Payroll from 01 July 2022

Date: June 7, 2022
Categories: Bookkeeping
Changes in Payroll 1. Superannuation contribution cap of $450.00 will be removed.The minimum wages for Superannuation contribution are said to be removed and the employer must pay Superannuation for all the employees over the age of 18 if they work more than 30 hours per week.2. Sup ...
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fool-proofing-your-insurance-with-a-financial-adviser
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Foolproofing your Insurance with a Financial Advisor

Date: June 3, 2022
Categories: Financial Planning
Did you know advised individuals are more likely to be successful when making an insurance claim? Here’s why.Different insurance policies cover you for different events. The right combination of insurance complements each other to give you protection for several different scenarios, which may sto ...
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How will the India-Australia Free Trade Agreement (FTA) boost trade?

Date: June 3, 2022
Categories: Federal
Bilateral trade between India and Australia faces a significant boost, thanks to the newly signed Australia-India Economic Cooperation and Trade Agreement (AIECTA). The deal, secured in April and likely to come into force within four months, is expected to give a welcome push to bilateral trade bet ...
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Understanding self-managed super fund performance
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Understanding Self-managed Super Fund performance

Date: May 17, 2022
Categories: Superannuation
In a recent research report titled "Understanding self-managed super fund performance," the University of Adelaide used data from over 318,000 SMSFs between 1 July 2017 and 30 June 2019 to identify the minimum amount of capital required for an SMSF to achieve comparable investment returns with much ...
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