Do you have the best Superannuation Fund? As I am not a financial planner, I can’t give you specific advice, but I can talk about the funds in general and you can draw your own conclusions as to what would work best for you. Let’s take a look at what funds are available to choose from. There are two main types of funds: APRA-regulated funds consisting of Industry Funds, Retail…
Small Business, Taxation, Xero
Payday Super: What Employers Need to Know Before 1 July 2026 From 1 July 2026, the way Australian employers pay superannuation will fundamentally change. Under the new Payday Super rules, employers will be required to pay superannuation at the same time as salary and wages, rather than quarterly. While the change is still some time away, businesses should begin preparing now to avoid cashflow shocks and compliance risks. What is…
Private health insurance is a hot topic in Australia. While Medicare provides excellent public healthcare, many Australians choose to take out private cover for extra choice, faster treatment, and peace of mind. But with rising premiums, is it really worth it for everyone? Let’s explore the pros, cons, and key considerations before you decide. Benefits of Private Health Insurance 1. Greater Choice of Providers & HospitalsWith private cover, you can…
With the end of the tax year approaching, now is the time to see what you can do to reduce your tax for 2025. This would mean more money in your pocket for you and your family to enjoy. Business Tax $20 000 immediate deduction The instant asset write-off threshold is $20,000. Small businesses with an aggregated annual turnover of less than $10 million will be able to immediately deduct…
The end of the tax year is fast approaching, so take action now to reduce your tax for 2025. Follow as many of these steps as you can and have more money in your pocket for you and your family to enjoy. Personal Tax Home Office Expenses If you have been working from home, you may have expenses you can claim a tax deduction for. The ATO allows you to…
The governments fourth budget has been handed down and below are some of the key components that affect most individuals and businesses. Personal income tax measures 1.1Personal tax cuts From 1 July 2026, ie the 2027 tax year, the 16% tax rate will reduce to 15% and from 1 July 2027, by another 1% to 14%. A small decrease, but more disposable income for all Australians. 1.2 Increased Medicare levy…