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Running a small business comes with a lot of responsibilities, and managing your finances is one of the most critical tasks. From tracking income and expenses to managing payroll, taxes and invoices, efficient accounting is essential for business growth and...

When running a business, understanding what expenses are tax deductible can significantly impact your bottom line. Here’s a guide to help you navigate through some common business expenses and whether they are tax deductible. Are Business Assets Tax Deductible? Yes,...

As Australia’s wealthiest generation, the Baby Boomers, enter retirement, many are starting to consider the fate of their wealth after they pass away. Their children are expected to be the primary beneficiaries of an estimated $5 trillion wealth transfer. However,...

Many doctors, dentists, other professionals and employees are members of a public superannuation fund (other than a self-managed superannuation fund). And most such funds offer life, total and permanent disability (TPD) and income protection insurance for their...

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. stock market will rise in the second half of 2024. This is based on the 128 calendar years since the Dow Jones Industrial...

Entering the medical profession is both a noble pursuit and a demanding journey. Young doctors often find themselves overwhelmed with responsibilities, from long hours in the hospital to continuous learning and professional development. Amidst this whirlwind,...

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 your income you must have a record to prove it.* You can only claim the work‑related portion of an expense. You can’t claim...

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.

The Federal Budget was handed down on 14 May 2024, and has outlined a number of changes that impact businesses, tax & superannuation. Instant Asset Write-Off Extended Small businesses with an aggregated annual turnover of less than $10 million will continue to be...