Key tax & lodgement dates for the October to December quarter 2023 21 October July – September 2023 quarterly PAYG installment activity statement due for lodgement and payment. Only need to lodge if varying the amount. September 2023 monthly activity statements – final date for lodgement and payment. 28 October July – September 2023 quarterly […]

Being the boss means you get to make all the big decisions about your business – including how much to pay yourself in wages, salary or drawings. As the owner, you might need to underpay yourself in the early stages of building your business, so you can reinvest the profits. But your time is valuable […]

Tired of paying rent for your commercial premises and considering buying a premises for your business? Owning a building works best if your business is well-established, you have money to invest, and you’re taking a long-term approach – it can take many years for this decision to pay for itself. The advantages of owning a […]

Navigating Financial Success in a Higher Interest Rate Environment In this article we’re going to explore a financial strategy that remains powerful even in the face of rising interest rates: Debt Recycling. With interest rates at elevated levels, understanding how to make the most of this strategy becomes essential for optimising your financial well-being. Debt […]

Australia’s annual inflation rate has taken an unexpected step up, increasing pressure on the Reserve Bank to push interest rates higher and once again raising the prospect that Australia will fall into recession sometime over the next few months. The annual inflation rate for the year to August reached 5.2 per cent, up from 4.9 […]

It’s a consistent sentiment expressed by many recent retirees, and something we as financial planners hear from many new clients: “I wish I’d started sooner.” While it’s not always easy to find the money to boost your super, there are still things you can do sooner rather than later to improve your retirement. In this […]

Recent data released by the Australian Bureau of Statistics (ABS) has unveiled a noteworthy shift in the retirement landscape. An increasing number of Australians, primarily from the Baby Boomer generation, are making the decision to retire, with approximately 2,700 individuals bidding farewell to their working lives every week. In this article, we delve into the […]

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent. Interest rates have been increased by 4 percentage points since May last year. The higher interest rates are working to establish a more […]

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent. Inflation in Australia has passed its peak and the monthly CPI indicator for July showed a further decline. The Australian economy is experiencing […]

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent. Interest rates have been increased by 4 percentage points since May last year. The higher interest rates are working to establish a more […]

The Australian economy appears to be teetering on the edge of a recession, with almost as many indicators suggesting a dramatic fall in economic activity as indicators suggesting continued strong growth. The key issue continues to be inflation. The latest Consumer Price Index (CPI) figures provided some hope, showing inflation fell from 6.8 per cent […]

At its meeting today, the Board decided to hold the cash rate target steady at 4.10 per cent. It also left the interest rate on Exchange Settlement balances unchanged at 4.00 per cent. The current higher interest rates are working to establish a more sustainable balance between supply and demand in the economy and will […]

Key tax & lodgement dates for the July to September quarter 2023 14 July Single Touch Payroll (STP) finalisation due Payers must issue PAYG withholding payment summaries to payees (that is, employees and other workers) for payments not reported through STP 21 July June 2023 quarterly PAYG instalment activity statement due for lodgment and payment. […]

In recent times, we have witnessed a significant shift in the financial landscape, marked by rising interest rates and an increase in the cost of living. In this article, we aim to provide you with effective strategies to navigate this changing environment and make the most of your hard-earned money. Review and Adjust Your Budget: […]

Recent research* reveals a concerning trend in retirement confidence. When it comes to retirement, the outlook is a little bleak. The research highlights Australians’ confidence in the quality of their life after work is ebbing away. We expect to have less saved More of us think we’ll have a financially difficult retirement We’re less confident […]