Tax
Taxation for small business owners: EOFY preparation and working with your accountant
15 May
As the end of the financial year (EOFY) approaches, small business owners face one of the most critical periods in their business calendar. Proper preparation and a clear understanding of your taxation obligations can make a significant difference...[Read More]
Make the most of EOFY: super strategies to discuss with your financial adviser
15 May
As the end of the financial year (EOFY) approaches, it’s a timely reminder to check in on your financial health and take advantage of opportunities to strengthen your retirement savings. Whether you’re looking to grow your superannuation,...[Read More]
Understanding debt recycling – transform bad debt into good debt
15 May
Debt recycling is a financial strategy that can help you transform bad debt into good debt, boosting your wealth and enhancing your financial future. This article explains the concept, its benefits, risks, and how it might apply to your specific...[Read More]
Election expected to drive confidence in electric cars
7 May
Electric vehicles are expected to grow in number and fall in price following the federal election as manufacturers and motorists gain confidence that regulations on low-emission transport will not change. Automotive experts issued the predictions on...[Read More]
Drivers could pay more tax after electric car U-turn
30 April
The cost of buying an electric vehicle could rise by thousands of dollars for some motorists if fringe benefits tax rules are changed after the election. Automotive groups warn drivers in outer metropolitan suburbs could be hit hardest by the...[Read More]
Coalition courts businesses with more tax incentives
23 April
Small businesses will be able to deduct thousands more dollars off their tax bill as part of Peter Dutton’s pitch to employers struggling to meet rising costs. The opposition leader said the Labor government had been a “disaster” for...[Read More]
Coalition charts own course on one-hit tax relief
16 April
ONE-OFF HANDOUTS, BUT AT WHAT COST? * The federal coalition, led by Peter Dutton, announced tax rebates for more than 10 million tax payers earning up to $144,000 ahead of the official campaign launch in Western Sydney on Sunday * When taxpayers go...[Read More]
Eat the rich: Greens to tax billionaires to feed kids
16 April
Flipping toasties with kids at a Brisbane park, the Greens have turned up the heat on their plan to provide free school meals. Party leader Adam Bandt, Senator Penny Allman-Payne and prominent MP Max Chandler-Mather were out on a warm but wet...[Read More]
Greens pushing Labor to scrap property tax breaks
9 April
The federal government has again rejected a Greens push to put property tax break reforms back on the agenda, if Labor ends up in minority government after the election. In an address to the National Press Club on Wednesday, Greens leader Adam Bandt...[Read More]
Business hungry for more despite Labor tax sweetener
9 April
Small businesses are being tempted with a $20,000 sweetener to re-elect Labor, but the offering still falls short of the coalition pitch to traders. Labor has vowed to extend the instant asset write-off – which allows businesses and tradies with a...[Read More]
Managing finances and lifestyle activities during retirement
3 April
Retirement is a complex period divided into various phases, each with its own set of financial requirements and lifestyle considerations. Understanding how to budget for each stage can help you make the most of your post-career...[Read More]
Taxpayers win as biggest power plant keeps itself open
2 April
Taxpayers won’t have to bail out Australia’s largest power station – for the coming year at least – as the clock ticks on a once-in-a-generation energy transition. Origin Energy decided not to trigger the first year of the $450 million...[Read More]
Hitting the brakes: hybrid sales clouded by tax cut end
2 April
Motorists are expected to hit the brakes on plug-in hybrid electric vehicle sales in Australia after a tax exemption that cut thousands of dollars from their purchase expired. Automotive industry experts called on both major political parties to...[Read More]
Budget focuses on power bills, tax cuts and healthcare
26 March
FEDERAL BUDGET AT A GLANCE * Budget deficit of $27.6 billion this financial year * Commonwealth gross debt to rise to $940 billion (33.7 per cent of GDP) in 2024/25 before cracking $1 trillion the year after * Net debt to rise to $556 billion in...[Read More]
‘Unfair, unrealistic’: young Aussies bear budget burden
26 March
Australian workers will be increasingly relied upon to prop up ballooning federal government spending, despite tax cuts handing back two years of bracket creep. The “modest” cuts announced by Treasurer Jim Chalmers in the federal budget will...[Read More]