When running a business, understanding what expenses are tax deductible can significantly impact your bottom line. Here’s a guide to help you...
Keeping Wealth In The Family – A Baby Boomers Guide To Inheritance
As Australia’s wealthiest generation, the Baby Boomers, enter retirement, many are starting to consider the fate of their wealth after they pass...
Take Care With Automatic Insurance In Your Superannuation Fund
Many doctors, dentists, other professionals and employees are members of a public superannuation fund (other than a self-managed superannuation...
This basic stock market truth shows why index funds are so hard to beat
By Mark Hulbert Dow history shows that the odds favor bullish investors - regardless of market conditions There's a 68% probability that the U.S....
The Vital Importance of Superannuation for Young Doctors: A Comprehensive Guide
Entering the medical profession is both a noble pursuit and a demanding journey. Young doctors often find themselves overwhelmed with...
If you’re a doctor, specialistor other medical professional it pays to learn what you can claim
To claim a deduction for work‑related expenses: you must have spent the money yourself and weren’t reimbursed it must directly relate to earning...
TAX PLANNING FOR EOFY – 2024
Please note that an individual can have up to $27,500 contributed per annum on their behalf from all employment sources combined (including any life insurance premiums owned via super). You should keep this in mind if you are aiming to utilise the maximum contribution.
The good news is that since 1 July 2018 you may be able to carry forward any unused concessional contributions on a rolling five year basis. Any rolled over amounts not used within the five years will expire.
2024-25 Federal Budget Announcements
The Federal Budget was handed down on 14 May 2024, and has outlined a number of changes that impact businesses, tax & superannuation. Instant...
Maximising superannuation benefits: six strategies for financial security
Superannuation is undergoing changes once again this year, promising better prospects for most employees as compulsory employer contributions...
THE IMPACT OF TAX ON INVESTMENT RETURNS
In the realm of investment strategy, one often overlooked yet fundamentally critical factor is the impact of taxes. While many investors...