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Welcome back to our Weekly Digest. Read on for the latest updates in tax, accounting and the economy. 04/08/2022 Australians warned to brace for significant power bill hikes A new report reveals prices in the country’s electricity market have surged to their highest ever levels, and there’s no sign that they’ll slow down. Some will […]
Welcome back to our Weekly Digest. Read on for the latest updates in tax, accounting and the economy. 28/07/2022 Job market may be affected by economic uncertainty Record numbers of employees are switching jobs in search of greater workplace satisfaction, but with rising inflation and cost of living, some experts say these uncertain economic times […]
Welcome back to our Weekly Digest. Read on for the latest updates in tax, accounting and the economy. 21/07/2022 20-year comparison shows how drastically the housing market has changed At the turn of the millennium, the median age of first-time homebuyers was 24.5 years, with mortgages generally taken out on 20-year terms. Today, the median […]
If you have purchased and sold cryptocurrencies you are obliged to report the gains or losses in your tax return. Trading on Australian exchanges will alert the ATO about your activity, so the tax implications cannot simply be ignored. How are Crypto currencies taxed in Australia? The ATO view Crypto currencies as an asset, which […]
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. We are currently quite busy with tax and end of year planning. Looking ahead and making plans for increasing inflation and the uncertainty it will bring are some major trends that we are seeing […]
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. 23/06/2022 Number of people involved in fake GST claim scam continues to balloon A dozen arrest warrants have been issued for a viral tax scam that has allowed Australians to swindle over $1 billion […]
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. 15/06/2022 Another budget is coming in October Federal Treasurer will deliver a second budget so as to put the Albanese government’s election promises in play and start the cutting back of wasteful expenditure. BNPL schemes face […]
Director Identification Numbers (DIN) are now a requirement. All you need to do is follow the steps below to get one. What is a DIN? It is a unique 15-digit number that a director needs to get and it follows you forever, just like your tax file number. It is needed so that ASIC can […]
Are you overlooking these 5 Australian tax deductions? It could be costing your business. Tax can be somewhat overwhelming and sometimes seem like a mountain to climb. Business owners usually get into a routine during tax time and just continue to claim what they have always done so in the past without considering some less […]
Superannuation Fees: The 3 most important things you need to know. When you hear the word ‘superannuation’ what comes first to mind? Is it fees? It is all too common to think of superannuation as a complex system that is only understood by people in white collars who work in high rise glass offices. Unfortunately, […]
