While investing in property can be lucrative, it requires careful consideration and thorough research before making such a significant commitment. If you are looking to make a foray into property investment, understanding key aspects before committing is essential. Market Analysis: Before diving into property investment, conduct a thorough market analysis. This involves researching current property…
In a move to streamline and align the tax treatment of off-market share buy-backs, the 2023 October Budget introduced changes that have now become law (as of December 2023). These alterations, effective for listed public companies offering off-market share buy-backs post 7:30 pm AEDT on October 25, 2022, bring about significant shifts in how shareholders…
As the calendar year draws to a close, businesses often find themselves in a familiar but often challenging position – chasing invoices. A healthy cash flow is the lifeblood of any business, providing the necessary resources for day-to-day operations, expansion, and resilience in the face of unforeseen challenges. Timely invoice collection at the end of…
Maintaining an up-to-date website is not just a recommendation; it’s a necessity. Your website is often the first point of contact between your business or brand and potential customers, making regular updates crucial for staying relevant, engaging your audience, and ensuring a positive user experience. Reflecting Current Information One of the primary reasons to update…
The ATO’s lodgment penalty amnesty has been extended, providing thousands of eligible enterprises a chance to rectify overdue income tax returns, business activity statements (BAS), and fringe benefit tax (FBT) returns without incurring penalties. The window of opportunity, however, is closing soon – businesses must act before the 31st of December to take advantage of…
As retirees embrace a new phase in their lives, the concept of property downsizing is gaining momentum as a strategic and rewarding financial move. Downsizing isn’t just about reducing square footage; it’s a lifestyle choice that can offer a range of benefits for those entering their golden years. The Changing Landscape of Retirement Living Many…
While credit cards can serve as a valuable financial tool, many individuals find themselves ensnared by outstanding balances or excessive card usage. Here are some practical tips to help you manage your credit card payments effectively, alleviating concerns and allowing for more substantial savings. Timely Payments Stay informed about your credit card due date and…
Did you know that you can set up a superannuation fund for your child even before they turn 18? While it might seem unusual to think about retirement savings for someone so young, starting early can lead to a substantial nest egg by the time they reach their preservation age, currently set at 58 years.…
It’s essential for property owners to understand the intricacies of deductions associated with their cherished holiday retreats. However, as the holiday season approaches, they may find that their holiday retreats become a valuable source of income. To ensure you make the most of your potential deductions, it’s crucial to navigate the rules surrounding holiday home…