Blog
Farewell to Springvale South Office – The End of a Cherished Chapter, the Beginning of a New One
At Success Accounting Group, we believe in moving forward while cherishing the journey that has brought us here. It is with mixed emotions that we announce the closure of our beloved Springvale South office, the cornerstone of our story since 2008. As we consolidate our services into our Mentone and Oakleigh locations, we want to […]
When Doing It Yourself Doesn’t Work: When Not to DIY and Better Hire an Expert
When DIY efforts don't yield the desired results, it may indicate that you need to seek professional help or take a different approach. This can happen due to a lack of skills, tools, or resources necessary for the task. Seeking assistance or reconsidering your methods might be the best path forward instead of persisting in a frustrating or ineffective way. Remember to always evaluate your situation critically and consider professional advice if needed.
How Do Retirement Income Options Compare?
Retirement is filled with opportunities and choices. There’s the time to travel more, work on long-delayed personal projects or volunteer your help to worthwhile causes. And when it comes to financing your new life without a job, you too have a lot of options. A retirement income option refers to the various ways you can draw income from your retirement savings after you stop working. Here are four alternatives to think about.
Insuring Against Loss of Income: Protection from Unexpected Illness and Injury
Insuring against loss of income typically involves purchasing disability income insurance, which can replace lost earnings due to disability or illness. Those who have a mortgage to pay off, small business owners, and independent contractors without access to sick leave should pay special attention to safeguarding their income against unforeseen illness and injury.
Releasing Your Home’s Value
In order to live comfortably in their golden years, many people are searching for ways to access the increasing equity in their homes as a result of rising real estate prices. With such a big decision and the complex financial products available, it’s best to get independent financial advice to help clarify how you might be affected now and in the future.
Spring Cleaning Tips to Renew Your Personal and Professional Life
Spring cleaning isn’t just about dusting shelves and organising files; it’s about refreshing your mindset, optimising your processes, and ensuring that both your personal and professional worlds are in top shape. Here are some ideas to help you revitalise your life as we move into the warmer months.
Tax Updates and Benefits: What’s Changing on 1 July 2024?
Discover the major changes that will occur on July 1, 2024, which include the reduction of personal taxes, the boost in superannuation, and the energy relief credits available to both individuals and businesses. Keep yourself updated on these changes and see how they will affect you.
More than 5 million Australians Struggle with Mortgage Repayments
According to a recent study, more than 5 million Australians are struggling with mortgage repayments. This is attributed to various factors such as rising living costs, stagnant wage growth, and high property prices.
ATO Fires Warning Shot on Trust Distributions: Key Considerations When Distributing Trusts
The Australian Taxation Office (ATO) recently issued a warning regarding trust distributions, stating that they will be closely monitoring and scrutinising these distributions to ensure they comply with tax laws. The ATO is concerned about potential abuse of trust structures to avoid tax obligations.
The Essential 30 June Tax Guide: Preparing for End of Financial Year
With the end of the financial year rapidly approaching, it is critical to both look into ways to take advantage of your tax deductions and get ready for any prospective ATO inspections. You can navigate the tax landscape more competently if you know which areas the ATO may focus on more and how to use tactics to maximise deductions. Let's explore these important areas to make sure you're prepared to succeed in the upcoming financial year.
How to Recognise Scams and Safeguard Your Money
Have you ever received an email, phone call or text message from a scammer? If you have, you are not alone. Fortunately, there are a few obvious warning indicators that you can watch out for to avoid becoming a victim. Know when you're most vulnerable to scammers and protect yourself from them. Here are some tips for avoiding money scams.
The “Blue Zones’” Secret: Lifestyle Practices for Longevity
Some of the world's oldest and healthiest people live in the Blue Zone regions. They typically follow plant-based diets, exercise frequently, consume moderate amounts of alcohol, get enough sleep, and have positive relationships with their families, friends, and spiritual community, despite slight differences in their lifestyles. Therefore, it has been demonstrated that each of these lifestyle characteristics is linked to a longer lifespan.