Even the young these days should to be increasingly aware of their financial position and all can do with a little help.
Read MoreThis 2015/16 Federal Budget incentive, was a short-term measure to allow small businesses an immediate write off for depreciating assets acquired, which costs less than $20,000.
Read MoreThe ATO has issued a stern warning to SMSFs with collectible assets ahead of rule changes that come into effect on 1 July this year.
Read MoreRules exempting the family home from the Age Pension means test are preventing retirees from make rational housing decision, the Actuaries Institute believes.
Read MoreIt seems that banks are being drawn in into financial disputes with couples. And they are responding somewhat predictability.
Read MoreFigures released by the tax office suggest property investors are failing to claim their depreciation correctly, leaving thousands of dollars in unclaimed tax entitlements on the table.
Read MoreThe preservation age will progressively from age 55 to age 60, when it will progressively increase until it reaches age 60 on 1 July 2024.
Read MoreWilliam Buck has said the new rollover tax laws will allow SMEs to significantly reduce their tax bills, with changes to take effect on 1 July allowing them to alter their legal structure without triggering any immediate income tax or capital gains tax consequences.
Read MoreBeware of Ransomware, a member of the dark side of the internet. You'll be aware of hacking, viruses and server attack but Ransomware is one of the worst and most insidious.
Read MoreThe federal government has announced it does not agree with the Financial System Inquiry’s (FS) recommendation to prohibit limited recourse borrowing arrangements (LRBA) by superannuation funds.
Read MoreOne national accounting network has tipped that SMSF property investment will be a big-ticket item on the compliance agenda in 2016.
Read MorePrime Minister Malcolm Turnbull has attempted to dispel talks that the government is looking to freeze the superannuation guarantee (SG) rate indefinitely at 9.5 per cent in an attempt to boost the federal budget.
Read MoreAs pressure grows for the Federal Government to scrap the superannuation tax concessions, an international survey found most respondents believed tax breaks on long-term savings and retirement products would encourage them to save more for retirement.
Read MoreEach state has a formula prescribing the proportions that spouses and children will receive. They often prescribe that a spouse will receive the first $100,000, and half to one-third of the balance. The children may receive half to the other two thirds. In Tasmania and New South Wales, the spouse often receives everything.
Read MoreIn November 2015, an amendment passed that protects small businesses from ‘unfair’ terms in standard form contracts.
Read MoreFrom 1 January 2016, if you have moved overseas and have a Higher Education Loan Programme (HELP) or Trade Support Loan (TSL) debt, you will have the same repayment obligations as those who live in Australia. This applies if you already live or intend to move overseas for a total of more than six months in any 12-month period.
Read MoreIf you buy tools, equipment or other assets to help earn your income, you can claim a deduction for some or all of the cost.
Read MoreIdentity crime happens when someone uses a stolen, manipulated, or assumed identity to commit fraud or other crimes. It can involve creating a new identity, false identity, or using stolen information to impersonate someone else.
Read MoreIt's important to understand the potential implications of entering into a salary sacrifice arrangement with your employer.
Read MoreFor income years commencing on or after 1 July 2015, the small business company tax rate has been reduced from 30% to 28.5%.
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