Salary sacrifice to cut tax and boost your super This time of year, people’s thoughts start turning to their tax return, but it can also be a good time to set things up so you don’t pay more tax than required next financial year. Simply talking to your employer about setting up an arrangement to…

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It’s Time to Consider Tax Planning! With the end of the financial year quickly approaching, it is now time to consider what opportunities there may be to minimise your income tax obligations. If you procrastinate or ignore this window of opportunity you may jeopardise or lose your ability to implement effective decisions and actions. Year-end…

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The au Domain Administration (auDA) will make .au direct domains available to the public from 24 March 2022. With the release of new .au domain, businesses and individuals will have a shorter and more memorable domain name. In short, if you currently own mydomain.com.au, you can apply to claim and register the equivalent mydomain.au. Who…

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If your personal information falls into the wrong hands, it can be used to steal your identity. If you think your identity has been stolen, report it to your local police and your bank, and change your passwords.   Signs of identity theft If your identity has been stolen, you may not realise for some…

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With the property market hitting all-time highs in 2021, interest in investing in direct property through your SMSF has never been higher. In the September 2021 quarter, Australia’s SMSFs had almost $88 billion invested in non-residential real property, with another $47 billion in residential real property. But before you add property investments to your SMSF, there…

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With business conditions picking up in Australia, many business owners are thinking about the equipment they will need in order to evolve in the years ahead. Whether it’s a new delivery van or a high-end digital printer, up-to-date equipment and tools are essential for business success. In the May 2021 Federal Budget, the government announced…

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It’s been a busy year for Australia’s two million plus directors dealing with the pandemic and lockdowns and there’s now a new task on their to-do list. From 1 November 2021, if you’re a director or want to become one, you will need to apply for the new Director Identification Number (Director ID) being rolled…

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There’s a change coming soon that means to comply with ‘choice of fund’ rules you might need to do something extra when a new employee starts to work for you. Currently, if a new employee doesn’t choose their own super fund, you can pay super contributions for them to your default fund. From 1 November, if…

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Introduction If you’re receiving the JobSaver payment, you’ll need to reconfirm your eligibility each fortnight to continue receiving payments. You’ll receive fortnightly reminders via email. If you no longer require support, you may request to withdraw from receiving payments. Eligibility You must be currently receiving the JobSaver payment and confirm that you: have continued to experience…

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Australian shares are popular investments with self-funded retirees and anyone who depends on income from their investments, due in part to the favourable tax treatment of franked dividends. After falling off in the early days of the COVID pandemic, share prices and dividends bounced back strongly in the year to June 2021. Investors who depend…

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