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Commencing on September 20, 2023, the maximum full Age Pension will experience a notable increase. For single individuals, the fortnightly payment will rise by $32.70, while for couples, it will increase by $24.70 per person, per fortnight.
Read MoreLife is filled with financial choices, big and small, that can shape your future. Understanding the fundamentals of personal finance and improving your financial literacy can empower you to make informed decisions and build a solid financial foundation. Whether you're just starting out on your financial journey or looking to enhance your money management skills, here's a guide to help you grasp the essentials of financial literacy.
Read MoreIn Salt’s experience with small business ownership, one principle stands out as a beacon of success: setting written goals and embracing accountability.
Read MoreManaging one's finances effectively is a complex and crucial task in today's rapidly changing economic landscape. The need for expert guidance in financial matters has led to a rise in the need for financial advisers who provide valuable insights and assistance to individuals and businesses alike. In Australia, the role of a financial adviser is particularly significant due to the country's unique financial regulations, investment opportunities, and retirement planning options.
Read MoreThe ATO considers Cryptocurrency investments as an asset for tax purposes. Transactions involving Cryptocurrency may be subject to Capital Gains Tax (CGT). If you dispose of any Cryptocurrency, you may be required to pay CGT on any capital gain. The ATO also requires you to keep accurate records of acquiring the Cryptocurrency and any other associated costs.
Read MoreAs our population continues to age, the need for quality aged care services becomes increasingly important. However, along with the rising demand for aged care comes the significant cost associated with it. Planning for the financial aspects of aged care is essential to ensure a secure future for both individuals and their families. In this article, we will explore the various factors to consider when planning for the cost of aged care and discuss strategies to alleviate the financial burden.
Read MoreHave you ever wondered how your super balance compares to people in your age bracket or which occupations are the highest paying? A little known fact is that the ATO compiles data and releases it for public information at the completion of a tax lodgement cycle, while this information is generally not released until a couple of years after the relevant tax year has been finalised, it always highlights some interesting trends. This article includes some graphs and a brief summary of the 4 areas we found most intriguing.
Read MoreAs we bring on a new financial year, it's time to start thinking about compiling your FY23 tax information for your accountant. To help you, we have compiled a list of essential steps to prepare yourself.
Read MoreThe Australian Taxation Office is encouraging small businesses which have fallen behind on their tax debts to take advantage of its new penalty amnesty scheme
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