The Australian Taxation Office (ATO) is ramping up its data-matching efforts, and they've just launched a new program aimed at high-value
lifestyle assets and property owners.
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The chances are you’ve got some personal debt hanging over your head. But here’s the thing: getting rid of personal debt should be at
the top of your financial to-do list. Why? Because living debt-free is not just about having more money; it’s about having peace of mind and
freedom. .
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How many of us can honestly say we've stuck to a budget for an extended period without feeling the strain? Not me, that's for sure! The truth is, for most people, budgets don't work. They're like crash diets – promising short-term results but often ending in frustration and abandonment. Why?...
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If you’ve ever felt the thrill of earning credit card points, you’re not alone. They promise a world of perks: travel upgrades, cash back,
fancy dinners, and more. But before you dive headfirst into the points game, let’s chat about why these seemingly sweet rewards might be
more of a trap than a treasure. You might be very surprised by what you discover…
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How will the latest Federal Budget affect middle-market businesses and people? In the 2024-25 Budget led by Jim Chalmers, there's a focus on
balancing support and caution. Measures like rebates on power bills for homes and small businesses, cheaper medications, and announced tax
reductions aim to address the ongoing high cost of living.
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During tax season, the ATO pays close attention to specific areas where taxpayers are inclined, either unintentionally or intentionally, to
make errors. So, what's under their radar this year? They're focusing on record-keeping, work-related expenses, rental property income and
deductions, sharing economy earnings, and gains from crypto assets, property, and shares.
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Parents often want to support their children, especially when it comes to big milestones like buying a home. But there are some important
things to consider before diving in.
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You might have noticed that fixed home loan rates are dropping lately. Many banks are announcing lower rates for fixed-term loans. But is it
a good idea to lock in your rate now?
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Activating a redraw feature or adding an offset account to your home loan can help you cut down on interest payments. Let’s explore how they
work differently and figure out which one suits you best.
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Buying your first home is a significant milestone, and it's essential to approach it with careful planning and consideration. Here are the steps you'll typically go through when purchasing your first home,
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One of the most frequent questions we get from clients is how they should invest in shares. In this blog we will discuss the difference ways
you can go about it and why we recommend indexed funds and how you can benefit.
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After crunching the numbers, we discovered that an individual with a $600,000 loan could potentially save more than $160,000 in interest
over the loan's lifespan and shorten the repayment period by over five years simply by opting for fortnightly payments instead of monthly
ones.
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These days, one-on-one marketing—that is, contacting people directly—is fast becoming one of the best forms of marketing available. This is
happening for some very sound reasons—better response rates, higher sales, improved profitability, and the creation of a saleable asset,
just to name a few.
This information, then, is designed to give you insight into some of those benefits and just why your customer database—a detailed list of
customer names, personal details, and, in some cases, spending patterns and other information—is so important to the future of your
marketing.
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A team commitment is literally that. A commitment by the team to the customers. It clearly states what the team is willing to commit to do
for the customers. Team commitments are very powerful tools that increase your customer’s level of confidence in your business.
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Imagine you’re going on a journey. What are the 2 key things you need to know before you go on any journey?
How you’re going to get there, how long it will take, how much money it will cost, who will be going with you—all are important
considerations. However, there are 2 key things you must know:
Where you’re going and Where you are now.
When you think about it, these are the 2 most critical points. A business plan is designed to map out that journey.
Hey there, party planners and business owners gearing up for the festive season! If you're in charge of throwing a Christmas bash for your
awesome team, you might be wondering about the nitty-gritty of tax-deductible shindigs and gifts. Don't worry, we've got your back – let's
break it down for you.
Today, we're diving into the world of taxes for doctors and dentists. We're here to clear the fog and give you some valuable insights
into how doctors and dentists can legally mimimise their tax.
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If you're feeling a bit overwhelmed by the world of investing and want a straightforward approach to building wealth, look no further than
dollar-cost averaging, or DCA. It's a method that can help you grow your money steadily over time, without the stress of constantly
monitoring the ups and downs of the stock market.
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In a world where hustle culture and the glorification of busy are the norm, Tim Ferriss' groundbreaking book, "The 4-Hour Workweek," offers a refreshing perspective on life and work.
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This information is designed to give you insight into why it is important to decide where you want to be positioned in your market.
You’ll find out what establishing pricing policy involves for your business and what it could mean to your future.
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We all want to support our children in various ways, including financially. Whether it's helping them with their first car, covering school
fees for our adorable grandchildren, or even assisting them in buying a home, our parental instincts kick in to lend a helping hand. But
here's the thing: simply giving away money can come with risks that we may not have considered.
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For many Aussies, having a beach house or a country getaway is like a dream come true—a perfect lifestyle purchase. However, considering the
potential costs involved, one common way to make it financially viable is by renting out your holiday home to the public, either partially
or for the whole year.
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If you are a property investor and have sold or are selling your investment property at a profit, then you're likely interested in any tax
exemptions and concessions that could help you pay less in capital gains tax.
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Today, we will dive into an intriguing topic that could save you a considerable amount of money: tax benefits and the role of a Quantity
Surveyor's Report for residential properties in Australia.
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A novated lease is a car finance option that allows you to treat your personal car like a company car. When you salary package a novated
lease, you agree to forgo a portion of your salary in return for a fully maintained car. This allows you to make significant tax savings.
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The Federal Government has handed down its 2023-24 Budget which outlines its economic forecasts and identifies key priorities including cost
of living relief and growing the economy.
Sustainability profiles and reporting are key concerns for consumers and businesses in 2023. Ask your accountant for support to get and stay
compliant.
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Get support to manage rising business costs in 2023 with 7 strategies including forecasting, reviewing recurring expenses, and debt
consolidation.
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Selling your business is fraught with stress. We break it down into simple steps and outline how a business valuation accountant can set you
up for success.
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A cyber attack can end your business even if you aren’t the target. Get across cyber security standards and protection strategies to keep
your business covered.
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Operating reactively is a trap for busy small businesses. Discover how proactive tax planning can protect and grow your SME through
uncertain times.
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Keep your business cash flow moving through supply chain pressures, rising interest rates and inflation uncertainty. Make clear forecasts with the right financial and accounting support.
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Managing a remote workforce in 2022? Get your employer deductions right to avoid paying more than you need to or unwanted attention from the
ATO.
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Getting sound financial and accounting advice from professionals you trust will help set your retirement up for success. We've put
together a list of things to consider to get your retirement planning organised.
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It has been a standard procedure in most medical centres to collect fees on behalf of independent contractor doctors and provide them with
premises and administrative services to see their patients in return for a service fee. In fact, over 80% of medical centres are set up this
way. However, as a result of a recent case Thomas and Naaz Pty Ltd v CCSR these medical centres may now be at risk of
potential payroll tax exposure..
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If you’re planning to sell any business assets, make sure you understand the small business Capital Gains Tax (CGT) concessions you’re
entitled to claim.
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