Blog
Life Insurance Provides a Financial Safety Net
Life insurance provides a financial safety net by paying out a death benefit to your beneficiaries in the event of your unexpected death. It is an essential component of a person's financial planning, especially given its long-term and significant advantages. At times when individuals are focusing on many areas for investment, it is important to keep in mind that the best investment is in one's health and well-being, and everything else revolves around it. This is the reason why it is critical to have life insurance in one's investment plan.
What an Australian Retirement on $3 Million Looks Like
It's important to note that everyone's retirement goals and lifestyle preferences are different. Here’s a general overview of what a retirement on $3 million in Australia might look like, but personal choices and circumstances can vary significantly. It's advisable to consult with a financial advisor to tailor a retirement plan that suits your specific needs and goals.
The Increasing Costs of Raising Children
Managing the costs of growing kids requires careful planning and prioritization. By following these tips and adapting them to your specific situation, you can effectively manage the financial responsibilities that come with raising children. Get in touch with us to create a plan to secure your family’s future.
4 Ways to Spring Cleaning Your Finances
The start of springtime can inspire all of us to "clean up" different facets of our lives, including finances. Spending time on your financial health helps prevent overspending, create a successful household budget, and eventually help you achieve your savings targets. Here are some actionable ways you can help get your finances organized during spring season.
Reduce Your Energy Costs by Going Green
Want to cut the cost of your energy by 20%? Learn how putting simple cost-cutting measures into place can help your business save money and lessen its environmental impact. These five suggestions from Success Accounting Group will help you cut your energy costs and lower your greenhouse gas emissions. Find out more.
Victorian Guaranteed Sick Pay Leave Until 2025
Up until 2025, the Victorian Government will guarantee sick leave. The Victorian Sick Pay Guarantee provides eligible casual and contract workers, including sole traders, with a guarantee they will receive sick pay when they can’t go to work. Sign up today to qualify. Email your accountant to help with application and registration.
Property Analyst Claims that Stage Three Tax Cuts Will Result to House Prices Increase
Property analyst Niro Thambipillay gives a dire warning, claiming that stage three tax reduction will result in hikes in home prices and will take place in 2024. He thinks that the third stage of planned tax cuts, which coincide with anticipated interest rate decreases, will be what sparks the rise.
Additional Tax Deductions for Small Businesses through Technology Investment Boost
The Technology Investment Boost is now a law. Small business entities such as individual sole traders, partnerships, companies, or trading trusts with an annual aggregated turnover of less than $50 million are eligible for additional tax deductions for their digital operations. Here’s how to benefit from the boost and maximise your tax deductions.
What is on the ATO Focus for SMSF in 2023
It is not surprising that the ATO is focusing on SMSFs given their increased popularity and significant asset holdings. Here’s a summary of some key issues currently attracting the ATO’s attention that SMSF trustees (and their advisers) need to be aware of for the 2023 income year.
Temporary Full Expensing and Loss Carry Back Tax Offset Claims to be Reviewed by ATO in 2023
ATO Set to review Temporary Full Expensing and Loss Carry Back tax offset claims for 2023. Learn the most critical issues and our tax advice on claims for assets. It is significant to remember that temporary full expensing will not apply if an eligible depreciating asset is first utilised, or placed ready for use, on or after 1 July 2023. As a result, the asset's cost cannot be immediately deducted for the 2023 tax year.
Prepare For Stocktake – Conducting A Stocktake
You might need to do a stocktake for tax purposes if your business acquires or sells stock. Learn how to do a stocktake and how it might benefit your company. Your business must do a stocktake by June 30, 2023, as the fiscal year comes to a close, in order to fulfil its tax obligations.
Ways to Combat a Sedentary Lifestyle
It might be challenging to maintain regular movement as the days become shorter and the temperature drops. There can be serious consequences to being inactive. The lack of physical activity can be a factor in obesity and related diseases. So, here’s how to avoid being trapped in a sedentary lifestyle and how to keep you and your family healthy.