The federal government announced two significant measures regarding superannuation as part of the 2023-24 Federal Budget. Whilst these measures will not come into effect for several years, it is important to be aware to avoid any penalties once the measures commence.
It’s never too early to start teaching your children about money. According to research from the ATO, over half of parents in Australia have not discussed tax and superannuation with their children. In order to prepare them for their working life ahead, as parents, we should be instilling them with the knowledge and skills they need for their future.
Over the last month, we hosted two more events, which were wildly successful.
Australia’s inflation rate has fallen since its peak in December. The annual price increases for the year to March have decreased from 7.8% to 7%.
At 7:30 pm (AEST) on 9 May 2023, the Federal Treasurer, Dr Jim Chalmers, handed down the 2023–24 Federal Budget against a backdrop of geopolitical tension.
The ATO has identified three main areas of focus for this tax season: rental property deductions, work-related expenses, and Capital Gains Tax (CGT). These are areas where mistakes are frequently made and the ATO is now prioritising them.
Now that borders have fully re-opened, we are seeing a significant increase in business travel. With increased travel, comes increased expenses people may be looking to claim.
Now that borders have fully re-opened, we are seeing a significant increase in business travel. With increased travel, comes increased expenses people may be looking to claim.
The job market has become increasingly challenging for WA employers, with a record low unemployment rate of 3.5% in February 2023 and high employee turnover rates.
Fair Work Australia have brought several Industrial Relations changes into effect as part of the Secure Jobs, Better Pay Act 2022 that business owners must understand and comply with.