Finance

Cyber security: don’t set and forget

18 October

Cybersecurity should not be a set and forget function for businesses and we recommend you check your security monthly. Throughout 2021–22, one cybercrime was reported every 7 minutes to the Australian Cyber Security Centre (ACSC). To avoid being...[Read More]

Airbnb pushes for hotels to be hit with short-stay tax

11 October

Airbnb has called for a contentious Victorian tax on short stays to be expanded to all accommodation bookings, including city hotels. The state government last month announced an Australian-first, statewide levy on short-stay providers like Airbnb...[Read More]

Labor unveils super tax tweaks on big balances

4 October

The number of Australians with super balances in the hundreds of millions has been expanding quickly as the federal government prepares to tighten tax breaks for wealthy retirees. The Labor government committed to halving tax breaks for those with...[Read More]

Tax on empty homes and vacant land to free up housing

4 October

Victoria will broaden a little-known tax to encourage more property owners to rent out empty homes and develop vacant land. Treasurer Tim Pallas on Tuesday announced legislation would be introduced to expand the vacant residential land tax...[Read More]

Farm Succession Planning: Balancing Financial and Emotional Aspects for Generational Transition

28 September

The Challenge Facing Farm Owners The complexity of farm succession planning extends beyond mere financial transactions. For farm owners, navigating the transition of a generational asset such as a farm is both an economic and emotional endeavour....[Read More]

Small business boost measures and the energy incentive

27 September

The Australian Government has announced the following 3 measures to assist small businesses that have an aggregated annual turnover of less than $50 million: Small business technology investment boost Small business skills and training boost Small...[Read More]

The responsibilities and challenges of an estate executor

21 September

Being named the executor of an estate is both an honour and a burden. Entrusted with this pivotal role, one carries out the last wishes of a loved one, but the path is often strewn with complexities and unforeseen challenges. Navigating the...[Read More]

Tax records for rental properties and holiday homes

20 September

Find out about what records to keep and for how long for rental properties and holiday homes. How long to keep rental records You need to keep records for 5 years. Depending on your situation, that is 5 years from the date: you lodge your tax...[Read More]

Tax break to help small businesses save on energy

13 September

Millions of small and medium-sized businesses are set to benefit from a federal government tax incentive to cut their energy bills. Laws to enact the tax incentive will go to parliament on Wednesday. The tax deduction will provide businesses with...[Read More]

Tax implications with investing in bank accounts and income bonds

6 September

Check the income you need to declare and tax implications if you invest in bank accounts and income bonds. Bank accounts Interest from a bank or other financial institution is part of your assessable income for the year. Even if the funds...[Read More]

The importance of personalised advice in navigating ambiguous information

31 August

In an era saturated with information, the need for personalised advice tailored to an individual’s unique financial situation is paramount. Whether it’s in the business world, investment markets, or personal finance, we are bombarded with advice...[Read More]

Thought to register a trade mark for your new business?

30 August

A new business is an exciting and challenging journey. Getting set up correctly from the start will help you on the path to success. You’re ready. You’ve worked out what registrations you need, you have an ABN, sought a trusted adviser, and...[Read More]

When should one start thinking about Estate Planning?

24 August

Estate planning is an essential yet often overlooked aspect of financial planning. For many Australians, it is seen as something to be dealt with later in life, if at all. However, estate planning should begin as early as possible to ensure a smooth...[Read More]

Economic agenda big enough without more tax reform

23 August

The Albanese government has ruled out further tax reform this term as it seeks to bed down a raft of changes to improve the economy. The Business Council this week called for “comprehensive tax reform”, saying the government would not be able to...[Read More]

ATO Scam advice – tax time SMS and email scams