RBA Rate Rise

RBA Rate Rise

The RBA rate rise was announced on 3 May 2022 and the reserve bank has lifted its official interest rate by 0.25% - for the first time since 2010. Many…
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2022 Federal Budget

2022 Federal Budget

As the 2022 Federal Budget was released it got us wondering. Is it a budget to ease cost of living pressures or a don't rock the boat budget? Treasurer, Josh…
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The ATO has gone paperless

The ATO has gone paperless

The ATO has gone paperless with all their correspondence. So the team at Thrive Advice has been working on the best way to adapt to the new processes the ATO…
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Time to review your income protection cover

Time to review your income protection cover

If you’ve owned an individual income protection or salary continuance policy in recent years, you may have seen your premiums increase as insurers struggled to cover their large losses on…
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Work from home expenses under scrutiny

Work from home expenses under scrutiny

If you worked from home during lockdown and spent money on work related items that were not reimbursed by your business, you might be able to claim some of these…
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What changes on 1 July 2021?

What changes on 1 July 2021?

We’ve summarised the key 1 July 2021 changes and their implications. Super guarantee rate increase to 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5%…
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Budget 2021-22: The Balancing Act Budget

Budget 2021-22: The Balancing Act Budget

The 2021-22 Federal Budget is a balancing act between a better than anticipated deficit ($106 bn), an impending election, and the need to invest in the long term. Key initiatives…
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