When should you enter into a payment plan if you have a tax bill?
27 December
If you’re experiencing financial difficulties, you may be eligible to set up a payment plan. If you receive a tax bill, you need to pay in full and on time to avoid general interest charges (GIC). However, if you’re experiencing financial...[Read More]
When should you start thinking about Estate Planning?
20 December
With the end of the year fast approaching and the dawn of the New Year on the horizon, it’s crucial to shift our focus towards estate planning. Often underestimated, this financial aspect tends to take a backseat in the lives of many Australians....[Read More]
Man charged with sending millions of scam text messages
13 December
An accused scammer who allegedly sent more than 17 million fraudulent text messages has been charged as police issue a warning for the public to be vigilant in the lead up to Christmas. A NSW Police cybercrime squad has been investigating the use of...[Read More]
Cars will need to be twice as green to avoid luxury tax
13 December
Motorists will have to choose cars that use half as much fuel to avoid a vehicle tax in future after changes in a federal budget update. The Luxury Car Tax reforms, announced in the government’s mid-year budget on Wednesday, will mean only...[Read More]
Taxpayers cop fines after using unregistered tax agent
13 December
An unregistered tax accountant exposed her clients to fines and unexpected tax bills after unlawfully lodging hundreds of returns filled with dodgy deductions. Perth-based Jessa Van Stroe, who is also known as Jessa Layola, was not registered with...[Read More]
Tried-and-Tested Tax Planning Strategies for Small Businesses
7 December
Every dollar counts in business, especially for small enterprises. Therefore, you need to find ways to minimise your tax liability in addition to optimising income or profit. With a small business tax planning strategy, you can increase profits...[Read More]
Taxpayers to stop funding global fossil fuel projects
6 December
Australian taxpayer dollars will no longer fund international fossil fuel projects, after the government signed on to a global shift towards renewable energy. The government signed on to the Glasgow Statement at the United Nations climate change...[Read More]
Nature repair bill passes after Greens agree to deal
6 December
Land owners will be able to be paid to improve the environment on their properties after the Greens struck a deal with the government on its proposed nature repair market. Under the scheme, which passed the Senate on Tuesday, businesses and...[Read More]
Businesses slam workplace changes as bill clears House
30 November
Business and industry groups are urging the Albanese government to go back to the drawing board on industrial relations laws after they cleared their first hurdle. The laws, aimed at closing labour hire loopholes, went through the House of...[Read More]
Reserve Bank board shake up outlined in new laws
29 November
The next phase of a major shake up to the Reserve Bank of Australia has kicked off with Treasurer Jim Chalmers introducing changes to parliament. A dual-board set up is one of the major reform items, with the plan to have one for making interest...[Read More]
Labor deal with Greens to pass vacant homes tax reforms
29 November
A deal to strengthen taxes on empty homes has been struck between the Victorian government and the Greens. An upper house vote on changes to Victoria’s vacant residential land tax was put on ice earlier this month when the Greens and the coalition...[Read More]
Government takes action on ‘help to buy’ housing laws
29 November
Thousands of Australians seeking to buy a home will soon get assistance with laws due to go to federal parliament. The “help to buy” laws to be introduced this week will support 40,000 eligible home buyers with an equity contribution of up to 40...[Read More]
Insurance coverage designed to keep families financially protected
23 November
Protecting one’s family is a vital aspect of parenting, and every parent has their own unique ideas about what it means to keep their loved ones safe. As a parent, you feel the need to protect and keep your children safe, especially in the early...[Read More]
Family law – separation and divorce
23 November
No matter how sincere and pure people’s intentions are when they utter their marriage vows and say ‘I do’, there comes a time in some marriages when the relationship irretrievably breaks down. In such cases, separation is usually inevitable...[Read More]