Due to COVID-19, your working arrangements may have changed. If you have been working from home, you may have expenses you can claim a tax deduction. Tracking these expenses can be challenging, so from 1 March to 30 June 2020, the ATO has introduced a temporary...
A budget allows you to plan for how you’ll spend and/or save your money each period and also keep track of your spending patterns. Though making a budget may not sound like the most exciting activity, it’s important for keeping your finances in order and...
[vc_row row_type="row" use_row_as_full_screen_section="no" type="full_width" text_align="left" css_animation="" box_shadow_on_row="no"][vc_column][vc_column_text] By Aurora Pham The COVID-19 pandemic has had unprecedented impacts on everyone’s lives. We are seeing an extended period of economic and social uncertainty, and disruption lies ahead. Despite the Government’s economic support package, many Australians are losing their jobs...
When you retire, your superannuation is likely to become an important source of your income. That’s why it’s a good idea to top it up while you are working. But did you know, there are also some excellent tax benefits you can take advantage of right...
On 2 April 2020, the Australian Government announced the new Early Childhood Education and Care Relief Package. From Monday 6 April 2020 weekly payments will be made directly to early childhood education and care services in lieu of the Child Care Subsidy and the Additional Child Care...
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 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,...
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...
The ATO has announced various measures - bushfire relief to help businesses and individuals in local government areas impacted by the bushfires....
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....