On 1 January 2022, the STP Phase 2 was introduced. This phase expands the obligatory employer reporting requirements as well as making it easier to provide specific employee information to multiple government agencies. STP Phase 2 has many benefits for employers, and...
Personal Services Income (PSI) is ordinary or statutory income that has resulted from an individual’s personal efforts and skills; income that is intended as a reward. It is a way to combine company and trust structures to transfer income from one person to lower tax...
Investing through superannuation is often done due to the lower tax rates on super than what most people actually have to pay. A super fund only pays 15% tax on what the fund receives. When contributions are made to the super fund, it will only pay 15% tax on those...
Life insurance is one of those things that you really shouldn’t live without, but it doesn’t need to be complicated. It can be a difficult product to understand with so many features and terms, but once you know how it all works together, it becomes a lot simpler. And...
When making a significant financial decision such as the purchase of your forever home, you need to make sure it’s exactly what you’re after. There are only certain times that a home can be ‘returned’, and change of mind isn’t exactly covered. . When you decide to buy...
