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Federal Budget 24-25

Federal Budget 24-25

On Tuesday 14 May Treasurer Jim Chalmers handed down the Federal Budget for 2024-25. A Budget surplus of $9.3bn is forecast in 2023-24, but an underlying cash deficit of $28.3bn is expected in 2024-25 (and a $42.8bn deficit for 2025-26). Cost of living has been...

Will A Million Dollars In Superannuation Be Enough?

Will A Million Dollars In Superannuation Be Enough?

How much will you and your family need in retirement? Although the projected growth in the pool of superannuation savings is certainly heading in the right direction, the harsh reality facing those not far off retirement is that they will have nowhere near enough to...

Land Tax

Land Tax

Navigating the intricacies of Land Tax can often feel challenging for property owners.  As jurisdictions impose varying regulations and rates, understanding your obligations can be a daunting task. With concerns mounting over escalating land tax liabilities, it is...

Small Business Tips

Small Business Tips

It is hard being a small business Lack of staff available, extra costs & taxes, price squeezing along with cashflow issues are just a few of the more common themes that we are hearing from our clients. The tips below are here to assist with these pressures: Get...

Superannuation Contribution Caps to Increase

Superannuation Contribution Caps to Increase

The government has announced that contribution caps will increase with effect from 1 July 2024 as follows: Concessional Contributions from $27,000 to $30,000 Non-Concessional Contributions from $110,000 to $120,000 This is a good time to revisit your super strategies...

How to do a yearly business review

How to do a yearly business review

How to do a yearly business review There are many ways to come at a yearly business review.  These days, depending on how much time and energy you have at the end of the year, you will do either a four-question review or a 20-question review. To do them properly, you...

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