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What the 2025 RBA Rate Cut Means for You
It’s been 15 months since the Reserve Bank of Australia (RBA) changed interest rates, but now, finally, we are getting some changes. This month’s Reserve Bank interest rate cut shows that the economy is moving into a new phase and it will have a big impact on home...
What the 2025 RBA Rate Cut Means for You
It’s been 15 months since the Reserve Bank of Australia (RBA) changed interest rates, but now, finally, we are getting some changes. This month’s Reserve Bank interest rate cut shows that the economy is moving into a new phase and it will have a big impact on home...
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How business owners should deal with company funds/money
There are a myriad of ways business owners look for payback from a company they have invested their time and money into from salary and wages, dividends, jobs for underqualified family members to cash advances and personal expenses like school fees and entertainment...
How Does Tax Apply to Electric Cars?
Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new details on electric vehicles. If your employer provides you with the use of a car that is classified as a zero or low emissions vehicle...
Top 10 main challenges that many small businesses face
Starting a small business and turning a passion or an idea into something bigger is a dream for many Australians. Being your own boss and building something from the ground up can be incredibly rewarding – but it’s not always smooth sailing. Being a small business...
What you need to know about STP and payroll tax
What is Single Touch Payroll (STP)? Small businesses and employers must now report superannuation contributions, income tax withholdings and other payment information via a Single Touch Payroll (STP) system. This system replaced the traditional paper-based reporting...
Tips for Property Investors
Property values, as history demonstrates usually increase over time. Indeed, through all financial crises and economic difficulties Australia has faced, the one thing constant that has continued to yield returns is property investment. If you’re not investing in...
How to claim expenses when working from home
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. 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...
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The Rise of Rooming Houses as a Smart Investment
Australia’s chronic housing shortage continues to shape the property market, with no immediate resolution in sight. This issue affects both major capital cities and regional areas, spurring various government initiatives to address affordability and increase supply....
Tax treatment of buying and selling ETFs
The ATO has released new guidance on the tax treatment of buying and selling exchange-traded funds (ETFs). In broad terms, ETFs are managed (investment) funds that trade on the ASX or another registered exchange. Generally, when you invest in an ETF, you are...
Payday Super: What You Need to Know
'Payday super' is set to change how superannuation guarantee (SG) payments are managed. Here's a closer look at what's coming and what it means for employers. What is Payday Super? Starting 1 July 2026, employers must pay superannuation guarantee (SG) on the same day...
Understanding the Tax Implications of Inheriting Assets
When thinking about passing on your assets, it's not just about deciding who gets what - there are tax implications to consider. How your assets are transferred to your beneficiaries can affect how much tax they must pay. This will depend on the asset type and the...