Blog

Employer’s cash flow boosts explained – How does it work?

To assist employers during the Coronavirus crisis, the Federal Government has implemented a plan to boost employer’s cash flow. The cash flow benefit will be delivered through the tax system with credits to accounts being provided either: • Monthly: around the end of each of these months...

Updated: The Government’s second economic stimulus package

On 22 March the Government announced a second set of economic responses which, combined with the previous actions, total $189 billion across the forward estimates. The package provides timely support to workers, households and businesses through a difficult time in the light of the broader...

The Australian Government’s economic response to coronavirus

The Coronavirus outbreak not only affects people’s health and the health systems, it is also having significant economic implications. The Australian economy is already feeling the effects of the global Coronavirus outbreak. Tourist and student arrivals have been significantly lower than they were in late 2019,...

SMS scam – tax refund notification

The ATO has alerted taxpayers to another scam where messages are texted to people asking them to click on a link and provide personal identifying information to receive a refund. To make the messages seem more legitimate, scammers are using technology that causes them to...

Have you prepared for changes in income protection?

With effect from March 31 2020, APRA expects insurance companies to discontinue issuing any new contract where insurance benefits are not based on income at time of claim, including Agreed Value income protection policies....

How the ATO is Tackling the Black Economy

The black economy involves dishonest and criminal activities that happen outside the tax system. It encompasses many elements, from the under-reporting of income and non-payment of superannuation through to serious criminal activities such as money laundering, illicit tobacco and the illegal drug trade. By avoiding their tax...

What does a financial planner do?

Needing expert advice on how to reach your financial goal? It might be a bit overwhelming to acknowledge the challenges that come with taking control of your finances. But there’s no need to worry, as long as you know who you should call for help. Let’s first...

Christmas Parties and Gifts: Tax and FBT Issues For Employers

It's Christmas time and we are all looking forward to the office parties and catch-up dinners, so we thought we'd put together this great Christmas tax read on holiday expenses! We’ll focus on the tax implications of holding Christmas parties (inside or outside the office) and also...

Full circle of life 

Aging is inevitable - though we can delay the implications a little with science and technology, keeping out of the sun and being fit and healthy!  We are all familiar with each of the life stages people go through. As we age, our level of definition...