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Posts Tagged ‘news’
Commonwealth 25 Per Cent COVID Top-Up Payments
June 22nd, 2023Did your business receive payments through a COVID-19 Business Support Program? Depending upon which grant you received, your business may now be eligible for a 25 per cent top-up payment. Claims for the COVID-19 top-up payments will be open until the end of 30 June 2023 – given this short turnaround time it is criticalread more
UPDATE: UK State Pension Top-Up Deadline
June 16th, 2023Eligible UK expats and Aussies that worked in the UK have been granted extra time to top up their UK State pension entitlements. The initial cut-off date for new rules impacting the amount you can top up was initially slated for 5 April 2023 and then subsequently pushed back to 31 July 2023. Given theread more
Understanding Near-Prime and Non-Conforming Specialist Loans
June 14th, 2023If you’ve ever applied for a loan, particularly a mortgage, you’ll be aware of the hoops you’re required to jump through to get a loan approved by a lender, even if you decide to go with a broker. There are documents to provide, budgets to complete, and often a significant deposit to put down. Theread more
End of Financial Year Preparations – Race to the Finish Line
May 19th, 2023At this time of year, we find ourselves having regular discussions with clients about best business practice for end of financial year preparations. This can include end of year payroll, transitioning to cloud-based software for the first time, changing software providers, or simply reviewing data file accuracy. The key for business owners is to beread more
McKinley Plowman Federal Budget Update 2023-24
May 10th, 2023The 2023-24 Federal Budget was handed down on Tuesday 9 May 2023 by Treasurer Jim Chalmers of the Albanese government. The budget will return to a $4 billion surplus this financial year, followed by a $13.9 billion deficit the following year. Treasury forecasts under this budget inflation will fall from 6% this year to 3.25%read more
Another ATO Rental Property Crackdown
May 5th, 2023Just as they did in 2019, the ATO are launching a campaign to target rental property owners who incorrectly report income and expenses. Data-matching efforts have identified a tax gap of approximately $1 billion, and unsurprising are looking to recoup those funds. Financial institutions are now obliged to share data with the ATO, and thereread more
WA Property Market Update April 2023
April 27th, 2023The end of April sees us into the second quarter of 2023, and the easing of interest rate rises may well bring a greater sense of certainty to the WA Property Market. Some would-be sellers held off listing their property for sale throughout 2022 as a result of uncertainty around where rate rises would end.read more
Securing the Next Generation’s Financial Future
April 21st, 2023You’ve worked hard, made smart financial decisions, and are living comfortably on the wealth you’ve accumulated – but what about the next generation? For many of us, a primary motivator behind growing and securing wealth is looking after our family, so that even after we’re gone, they have a secure financial future to look forwardread more
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