Is a financial services compensation payment to your superannuation fund a contribution?Of late, there have been several compensation payments made by financial services providers to customers that were inappropriately charged or overcharged for insurance premiums or...
New legislation will help prevent superannuation assets from being hidden during divorce proceedings.From 1 April 2022, the Australian Taxation Office (ATO) will be able to release details of an individual’s superannuation information to a family law court.The...
Australia’s two largest states and the ACT are in lockdown as the Delta strain of COVID-19 takes its toll while others are standing firm on a policy of eradication. The result is a country at a policy impasse and divided by border restrictions. And, it is not just...
Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people would assume that if and when they need to claim on their insurance, the insurance payout covers the...
(and the perils of browsing Facebook)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 expenses as a deduction – but not everything you purchase can be...
There are a few important changes coming up on 1 July 2021. These are important to note especially going into end of year tax planning. 1. Super guarantee rate increase to 10% On 1 July 2021, the Superannuation Guarantee (SG) rate will rise from 9.5% to 10% –...
Rishi Sunak has delivered his budget for 2021 flagging tax rises as total Covid spending tops GBP400BN. The chancellor says the economy will recover more quickly from the pandemic than previously thought, with the economy returning to its pre-pandemic state by the...
2020 has been a challenging year for small business owners in Australia and the UK. It’s important to mark your successes while recovering from the hard work that got you and your team through this difficult year.However, there’s another problem looming on the...
A strong cash flow is essential to a healthy, thriving business. Smart, small businesses will follow various strategies to monitor and increase all money. As a small business, what can you do to better manage your cash flow? When looking at your finances, how can you...
The government handed down a budget earlier this week specifically designed to pull Australia out of the Covid19-led recession. According to Treasurer Josh Frydenberg. “The global economic environment remains uncertain with the impact of this crisis to be felt for...
