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Investor Alert List

Scams are so prevalent these days, that whenever your phone rings or an email hits your inbox, there is a very good chance someone is trying to fleece you of your hard earned cash. According to the ABS, in 2022, Australians lost $3.1 Billion to scams compared to $2 Billion in 2021. That is a 50% increase in 12 months. These numbers are frightening. In order to counteract this situation,…

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Year End Tax Planning 2023 – Business

With the end of the tax year approaching, now is the time to see what you can do to reduce your tax for 2023. This would mean more money in your pocket for you and your family to enjoy. Business Tax Temporary Full Expensing Purchase equipment before year end as businesses with an aggregated turnover of less than $5 billion can immediately deduct the business portion of the cost of…

Budget 2023/24

The budget has just been released and here are the key announcements that will impact most taxpayers. 1. Personal  1.1 There has been no change to the personal tax rates as previously legislated. 1.2 Removal of the  low and middle income tax offset (‘LMITO’) with only the Low offset remaining. The Government has announced that the temporary LMIT has now ceased and been replaced by the low-income tax offset as…

Cryptocurrency – What is it?

Let’s start by looking at the word Cryptography. This is the use of codes, words, pictures and formulae, to communicate messages so that only those people that the message is intended for, can receive it in an understandable way. The message is “hidden”. This system of communication is what is used with computers. “Crypt” means “hidden” in Greek and “graphy” means “writing”. The original cryptography dates back to the Egyptian…

NFT, Crypto – A New form of Money Explained

In 2022, almost 50% of Australians now own some type of Crypto currency. Most of this might be just experimental, but behind all these activities is a real use case for Crypto currency. Throughout history there have been many forms of “money”. Roman soldiers used to receive their salary in salt. The word salary, comes from the latin for salarium “money used to buy salt”. In Egypt, beer was used…

Year End Tax Planning 2022 – Business

With the end of the tax year approaching, now is the time to see what you can do to reduce your tax for 2022. This would mean more money in your pocket for you and your family to enjoy. To minimise your Personal tax click here. Business Tax Temporary Full Expensing Businesses with an aggregated turnover of less than $5 billion can immediately deduct the business portion of the cost…