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The impact of COVID-19 on investment markets

While the uncertainty surrounding the spread of the coronavirus is very unsettling on a human level, as fears heighten that the spread of the virus will worsen, the impact on both global and domestic financial markets is also becoming increasingly unsettling. After an extended period of above-average returns, 2020 has been much more difficult due [...]

June 30 Tax Tips 2020

BUSINESS TIPS. Business Income and Expenses. Consider strategies to defer income until after 30 June, or bring expenses forward into June, especially if you expect lower income for next year. Ensure that your tax deductions are allowable Bad debts must be written off before 30 June Super contributions must be paid before 30 June and [...]

$25000 HomeBuilder grant – who’s eligible?

The Federal Government has announced a $25,000 grant via a construction stimulus program called HomeBuilder. HomeBuilder provides this grant to eligible owner-occupiers, including first-home buyers, to build a new home or substantially renovate an existing home. HomeBuilder can be used in conjunction with the First Home Owner Super Saver Scheme and First Home Loan Deposit [...]

June 30 Superannuation Tips 2020

With June 30 approaching, now is the time to ensure your superannuation strategies are up to date. Contribution caps. Before the end of the financial year you should: Review if you have any income available to contribute to your fund; and Review your total contributions to ensure they are below the caps. Non-concessional (after tax) [...]

Catch-up concessional super contribution strategies

Catch-up concessional contribution rules are a new opportunity, available this 2019/20 financial year, that can be used to maximise tax-effective contributions. The new rule allows you to make larger super contributions to increase retirement savings, manage your tax position and may assist in equalising super interests between spouses. Eligible individuals can accrue amounts of unused [...]