November 2023
It’s November, and all eyes will be looking towards the “race that stops a nation” and the Reserve Bank who meet on the same day. As the days get longer as we head towards summer the countdown for the approaching holiday season begins. In this issue: – Keeping your small business cyber secure – How […]
Superannuation Death Benefits – Review succession plans
On 1 July 2021, the general Transfer Balance Cap (TBC) was indexed for the first time to $1.7 million from the original $1.6 million limit which was first introduced on 1 July 2017. On 1 July 2023, the general TBC was again indexed – this time up to $1.9 million. As a result […]
How a super recontribution strategy could improve your tax position
Withdrawing part of your superannuation fund balance then paying it back into the account, known as a recontribution strategy, may sound a little strange but it could deliver a number of benefits including reducing tax and helping to manage super balances between you and your spouse. Your super is made up of tax-free and taxable components. […]
October 2023
Welcome to our October newsletter. This month learn easy strategies to enhance your credit score, explore the complex system of residential aged care, discover tips for managing the cost of raising children, and understand the importance of SMSF succession planning. IN THIS ISSUE: – Easy ways to boost your credit score – Aged care payment […]
September 2023
September is upon us, and spring is in the air. It’s time to shake off the winter cobwebs, get out into the garden or the great outdoors. Meanwhile, AFL and NRL fans will be hoping the sun shines on their team this finals season. After endless gloomy forecasts, there was a glimmer of hope last […]
August 2023
Welcome to our August newsletter and, with winter winding up and tax returns on the way for some, there may be sunnier days ahead. Ensuring you’ve structured your finances tax-effectively is always a concern, but with new tax rules for super on the horizon, many people with large balances are considering alternative vehicles to save […]
How Iron Ore Plays A Big Part In Our Economy
Iron ore has been the backbone of the Australian economy and many investment portfolios for much of the 21st century. Export of the commodity saw Australia evade recession both in the wake of the Global Financial Crisis back in 2008 and the Covid epidemic. In 2021, resources accounted for 68 per cent of Australia’s export revenue. […]
Keeping Cash Flow Positive
Managing a healthy cash flow is often tough for small businesses and it is particularly the case right now in the challenging economic conditions. Many businesses are facing supply chain issues, utilities and wages costs are increasing, it is more expensive to borrow money and some sectors are suffering severe downturns. Strong cash flow is […]
July 2023
Welcome to our July newsletter and, with a new financial year underway, it might be a good opportunity to review some of the recent changes to business and investment rules to make sure you’re on the right track. Small businesses and SMSFs: keep an eye on the rules As digital tools continually evolve, it is […]
Will These Super Changes Affect You?
As our superannuation balances grow larger, it makes more sense than ever to keep track of the many rules changes that have recently happened or are coming up soon. Australians are investing more in super – almost $151 billion dollars in the year ending March 2023, an increase of 11.3 per cent.i Those extra contributions, […]