IS DOWNSIZING WORTH IT?
From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation. Downsizer contributions are an excellent way to get money into superannuation quickly. And now that the age limit has reduced to 55 from 60, more people have an opportunity...
HOW TO CREATE A BUDGET IN 4 SIMPLE STEPS
Now, more than ever, it’s important that you revisit your budgets and the processes to not only let your business survive but thrive, whatever the economic environment. Tough times can mean opportunity to increase market share for those that have a clear picture of...
TAX & WORKING FROM HOME – WHAT YOU NEED IF THE ATO RINGS THE DOORBELL
The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. From 1 July 2022 onwards, you can choose either to use a new ‘fixed rate’ method (67 cents per hour), or the ‘actual cost’ method depending on what works out...
5 Tips To Improve Cash Flow When Paying Tax
Introduction With the rise in interest rates starting to bite into the Australian economy, many businesses will still have profits taxed when their 30 June returns are lodged. Should things continue to be squeezed in the second half of the financial year, the last...
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