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Tax Deductions in Australia for Individuals and Businesses
Tax deductions serve as valuable tools for individuals and businesses alike, allowing them to reduce their taxable income and optimize their financial affairs. In Australia, understanding what expenses are tax-deductible is crucial for maximizing tax benefits and...
Understanding Income Protection Insurance in Australia
In today's unpredictable world, securing one's financial stability is paramount. Whether you're a sole breadwinner or part of a dual-income household, unexpected events such as illness and injury can disrupt your earning potential and jeopardize your financial...
Create Wealth at the Tip of Your Fingers
You’re probably already pretty impressed by what your smartphone can do, but have you considered leveraging it as a tool to supercharge your savings, eliminate debt, and build wealth? It’s all down to the apps you can install, and there’s an increasing range to help...
Keep away Pests in Autumn – Superior Pest Solutions
As Queensland undergoes a seasonal transformation into Autumn, pests become more apparent than ever. While the cooler temperatures and wet weather might bring relief from the scorching heat, they also herald an uptick in pest activity. From termites seeking shelter in...
Is Tax Deductible Financial Advice Coming?
The TD2023/D4 is a draft legislation that proposes to change the way tax advice is treated in Australia. It aims to simplify the tax system and make it more transparent and fairer for taxpayers and advisers. One of the main changes is that tax advice fees may become...
Super Contribution Caps to Increase From FY24
You might find it interesting to know that, starting on July 1, 2024, the annual contribution caps for superannuation, which you may be using to save for retirement, will rise. This implies that you can increase the amount you contribute to your super and take...
Why Does Most Overtime Pay Go to Tax? (Tax Tables)
Australian tax tables are tools that help you work out how much tax to withhold from payments you make to your employees or other payees. They are based on the tax rates and thresholds for Australian residents for different income years. There are different tax tables...
Understanding Private Health Insurance in Australia
Private health insurance is divided into three areas, hospital, extras, and ambulance. Hospital cover – Treated as a private patient in a private or public hospital and can choose your own doctor, private hospitals tend to provide faster access. Extras cover – Can...
Benefits of Using a Mortgage Broker with Greatmoore Finance
It’s your choice to have choice… So why are 70% of Australian borrowers using mortgage brokers instead of going direct to their bank for finance? Good question. Below dispels some of the myths around engaging a mortgage broker and why many clients are adding a...
Understanding the Child Care Subsidy (CCS)
The Child Care Subsidy (CCS) is a payment from the Australian Government that helps families with the cost of child care. To be eligible for CCS, you must: - Care for a child aged 13 or younger who is not attending secondary school, unless an exemption applies. - Use...
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