Maintaining Mental Well-Being Amidst Adversity
As an employee, you may often face periods of heightened stress, pressure and uncertainty during your employment. Maintaining mental well-being amidst adversity is crucial for sustained performance and resilience, whether looming deadlines, organisational changes, or personal challenges. What can be done to navigate these rough waters and emerge stronger? Acknowledge [...]
The Latest From The Federal Budget On Superannuation, Pensions & More
The Federal Budget was handed down last week (14 May), with several announcements pertaining to the superannuation industry and pensioners. Social Security Deeming Rates The Social Security deeming rates, crucial components of the income assessment for Centrelink benefits such as the age pension, are slated to remain unchanged for the [...]
Regional Properties – Are The The Gateway To Owning Land?
Investing in regional property can offer attractive opportunities for growth, affordability, and lifestyle benefits. However, like any investment, it comes with its own set of challenges and considerations. Here are some crucial factors to keep in mind when exploring regional property investments. 1. Economic Stability and Growth Prospects Assess the [...]
What Did The Federal Budget Announce About Tax?
The Federal Budget dropped last week (14 May), with several key updates involving current measures, rebates and confirmation of the stage 3 tax cuts. Energy Bill Relief Fund: The Energy Bill Relief Fund is introducing a $300 rebate for households and a $325 rebate for eligible small businesses on their [...]
With EOFY Approaching, What Do Small Businesses Need To Know To Plan Their Cash Flow Management?
Effective cash flow management is essential for the success and growth of any small business. Proper budgeting, forecasting, and managing finances ensure that your business remains solvent and can seize growth opportunities when they arise. Here are key tips and strategies to help small businesses manage cash flow and plan [...]
2024 Federal Budget
Overview of 2024 Federal Budget Our Tax Matters (Budget Edition) covers the latest announcements from the Federal Budget 2024-25, why rushing your return could be a mistake, rental property deductions, superannuation on paid parental leave and more. Download 2024 Budget
Land Tax (NSW) Fact Sheet
Overview of Land Tax in NSW Land tax is an annual tax levied at the end of the calendar year on property you own that is above the land tax threshold. Who is responsible for Land Tax? You may need to pay land tax if you own, [...]
Achieving Harmony: Crafting a Work-Life Balance that Works for You
Juggling professional responsibilities with personal commitments can feel like a constant battle, leaving many individuals overwhelmed and burnt out. However, finding the right balance is essential for overall well-being and productivity. Here are some strategies to help you maintain a work-life balance that works for you. Define Your Priorities The [...]
The Key Factors That Shape A Business Valuation
Business valuation is a critical process that involves determining the economic value of a business. Whether it's for selling, buying, merging, or obtaining financing, understanding the worth of a business is paramount. However, arriving at a fair and accurate valuation involves assessing many factors. Let's delve into some of the [...]
Make Your Money Work: Offset Accounts
Savvy savers are always looking for ways to make their money work harder. One strategy that has gained popularity in recent years is the use of offset accounts. These financial products offer a unique way to reduce the interest you pay on your loans while helping you grow your savings. [...]
What Is ATO-Held Super?
In the labyrinth of finance and retirement planning, superannuation stands as a beacon of financial security for many Australians. It’s the nest egg we diligently contribute to throughout our working lives, hoping it will sustain us in retirement. However, what happens when these contributions fall through the cracks or accounts [...]
What Your Tax Return Needs When Dealing With A Trust
Managing a trust comes with its share of responsibilities, especially regarding tax compliance. To assist trustees and administrators, the ATO has provided a checklist that can be used to streamline the tax process. This is a crucial tool for ensuring that the trust’s affairs are managed efficiently and effectively in [...]
Seminar Invite – Thrive Plan & Binnari Property Event Property Strategy Insights for 2024
We are excited to extend an exclusive invitation to you for our upcoming event in collaboration with Binnari Property Group. During this event, you'll gain valuable insights into property investment strategies for the year ahead. Our expert speakers will delve into the latest trends, market opportunities, and key considerations [...]
Understanding the Duty of Employees to Follow Lawful and Reasonable Directions
In the intricate dance of employer-employee relationships, one of the foundational principles is the duty of employees to adhere to lawful and reasonable directives issued by their employer. While this obligation is implicit in employment contracts, it’s often explicitly agreed upon and enforced, especially in the public sector, where legislative [...]
Scam-proof Your Business: Essential Tips for Australian Entrepreneurs in the Digital Era
The threat of scams looms large for businesses of all sizes across Australia. The potential for financial loss and reputational damage is ever-present, from sophisticated cyberattacks to deceptive schemes targeting unsuspecting entrepreneurs. Let’s explore some of the most prevalent scams that could impact your business and provide insights on how [...]
Turning Clicks into Customers: Strategies for Maximising Website Conversion Rates
In the competitive online business landscape, website conversion rates are critical for measuring success. A high conversion rate signifies that visitors to your website are taking the desired action, whether it’s making a purchase, signing up for a newsletter, or requesting more information. However, achieving and maintaining a high conversion [...]
The 2 Methods You Can Withdraw Super During Your Transition To Retirement
Retirement marks a significant milestone in one’s life, accompanied by important financial decisions, especially regarding superannuation. As individuals transition into retirement, they must carefully consider whether to withdraw their super as a lump sum or income stream. Understanding the implications of each option is crucial for ensuring financial security and [...]
8 Types Of Benefits That FBT Applies To
For businesses in Australia, providing fringe benefits to employees can be a valuable way to attract and retain talent, as well as incentivise performance. However, employers need to understand their obligations regarding Fringe Benefits Tax (FBT). The Australian Taxation Office (ATO) administers FBT, a tax on certain non-cash benefits provided [...]
Mastering the Job Seeking Process
Job seeking can be a daunting journey filled with uncertainty and challenges. Whether you’re a recent graduate entering the workforce or a seasoned professional looking for new opportunities, navigating the job market requires strategy, resilience, and perseverance. Let’s look at some effective strategies and tips to help you master the [...]
Missed The Deadline? Here’s What To Do For Your SAR
Managing a Self-Managed Super Fund (SMSF) requires careful attention to deadlines and compliance requirements. However, despite our best intentions, sometimes life gets in the way, and we miss important deadlines. One of those deadlines could have been your self-managed super fund (SMSF) annual return (SAR) lodgment due date. If you [...]
Unlocking The Psychology Of Money: Keys To Economic Well-Being
Money is central to our lives, influencing our financial security, emotional well-being, and fulfilment. Yet, our relationship with money is often complex and deeply rooted in psychological factors that shape our attitudes, beliefs, and behaviours. Understanding the psychology of money is essential for making informed financial decisions, managing resources effectively, [...]
An Employer’s Introduction To FBT
Fringe Benefits Tax (FBT) is a tax levied on particular benefits employers provide to their employees or their families. It is separate from income tax and is calculated based on the taxable value of the fringe benefit provided. As an employer, it is crucial to understand your FBT obligations to [...]
Cost-Cutting Measures That Don’t Conflict With Your Business Aims & Goals
For businesses, maintaining profitability and financial stability is essential for long-term success. At times, this can lead to costs needing to be cut. However, cost-cutting initiatives often evoke concerns about compromising values, employee well-being, and corporate social responsibility. Fortunately, there are several strategies that businesses can adopt to reduce costs [...]
Practical Tips for Data Privacy in the Digital Age
In an era dominated by technology and online connectivity, safeguarding our personal information has never been more crucial. With cyber threats constantly evolving, ensuring data privacy has become a top priority for individuals worldwide. The risks of sharing sensitive information online are ever-present, from identity theft to online scams. However, [...]
Potential Tax Challenges Your Business Could Face At EOFY
As the end of the financial year approaches, businesses face a critical task: evaluating their financial standing and anticipating potential tax challenges. Neglecting this assessment could lead to financial losses and punitive measures. Let’s highlight some common tax errors businesses make and offer effective strategies to avoid them. Mismanagement of [...]
