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Ensuring your voice is heard
When you’re here to supervise your worldly affairs, your voice, which reflects your current views, is heard, and more often than not, heeded. But when you’re not here, what voice will be heard? Will it be your most recent voice; an old voice from several years ago; or the voice of government legislation? Unfortunately, all too often, it is voice number two, or worse, three.
Don’t wait until your 60s to see a financial adviser
Ask most 30 year olds who their financial planner is and the typical response might be ‘huh?’ After all, financial advisers are for older people with plenty of money to invest, aren’t they?
If you haven’t reviewed your loans in the last 12 months, you need to read this …
The world of lending has changed over past few years, with the Royal Commission findings and banks reducing the availability of funding. If saving money and reducing the amount you pay to the banks is important to you, it’s important to us.
BOOK YOUR REVIEW TODAY
State of the States: Vic takes top spot for first time
NSW loses top spot for first time since 2014
Living independently: a look at in-home care options
Are you, or is someone you know, in need of aged care services but not quite ready to move into residential care? With a range of government
programs and technological solutions available, many retirees are now able to get the support they need in the comfort of their own home.
Are all your SMSF eggs in one basket?
The investment strategies of Self Managed Superannuation Funds (SMSFs) are under scrutiny with the Australian Taxation Office (ATO) contacting 17,700 trustees about a lack of asset diversity.
ATO take ‘gloves off’ on overseas income
Five years ago, the Australian Taxation Office (ATO) offered a penalty amnesty on undisclosed foreign income. Five years on, the ATO has again flagged that underreporting of foreign income is an issue but this time the gloves are off.
Weirdest tax deductions revealed
Would you claim the Lego you bought for your kids throughout the year as a tax deduction? One taxpayer did and it made the Australian Taxation Office’s 2018-19 list of most unusual claims.
Tax treatment of compensation from financial institutions
By 30 June 2019, five major financial institutions paid $119.7 million in compensation for poor financial advice to 6,318 customers. The question is how to treat these payments for tax purposes?
FBT and Uber style ride sharing
When an employee uses a taxi service for travel to or from work or if the employee is sick, it is generally exempt from Fringe Benefits Tax (FBT) under the FBT taxi travel exemption. The question is, what about Uber and other ride sharing services, do they also qualify for the exemption? If Uber is considered to be a taxi for GST purposes, that is, all drivers need to be registered for GST and charge GST as they are considered to be a taxi service, does the FBT exemption extend to employees using Uber for travel?
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