What you need to know about the First Home Super Saver scheme

The First Home Super Saver (FHSS) scheme was introduced in the Federal Budget 2017-18, with an aim to reduce pressure on housing affordability. The scheme allows eligible taxpayers to save money for their first home inside the superannuation…

Invest smarter

The golden rules of investing Smart investors don't rely on good luck; they plan, research and understand their investments and how these fit with their financial goals. Work out your financial goals If you're planning to invest, being…

Superannuation and retirement - How much is enough

How much is enough? How big is your nest egg? When it comes to super, size does count. Your employer's super contributions may not be enough if you want to be financially secure when you retire. Find out approximately how much money…

CGT concessions: Does your business qualify?

Wondering if you’re eligible to claim the CGT concessions can be settled by answering a few basic questions. In addition to the capital gains tax (CGT) exemptions and rollovers available more widely, there are four additional concessions…

5 ways to benefit from record low interest rates

Interest rates have never been lower, and it’s possible they might fall even further. This creates opportunities for householders and businesses, so how can you best take advantage of low interest rates? 1. Pay off your debt more quickly By maintaining…

An SMSF trustee duty not to be forgotten: The investment strategy

The majority of people who set up their own SMSF say that "control" is a big reason for doing it. There is flexibility and benefits in running your own superannuation fund, but it is also a big responsibility to make sure your fund grows and…

New Year’s accounting resolutions

The beginning of the year is a great time to reflect on the past twelve months and prepare for the next. Here are some useful accounting tips to help you get your business finances up-to-date and ready for the year. Keep your business in…

New Year's resolutions

Source: ASIC's Money Smart Top 5 tips to achieve your money goals in 2019Take control of your future by setting some financial goals this year. Here are our top tips to help make 2019 your best year yet. Make a plan for your moneyHome…

Do you hire contractors?

When hiring workers, do you understand the difference between contractors and employees for tax and super purposes? Getting it wrong compromises your ability to meet their tax and super obligations, and can mean workers miss out on employee…
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Fringe benefits tax and Christmas parties

Christmas parties There is no separate fringe benefits tax (FBT) category for Christmas parties and you may encounter many different circumstances when providing these events to your staff. Fringe benefits provided by you, an associate,…