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No Play and No Pay for Conscientious Vaccine Objectors

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  The Commonwealth Government will end the conscientious objector exemption on children’s vaccination for access to taxpayer funded Child Care Benefits, the Child Care Rebate and the Family Tax Benefit Part A end of year supplement from 1 January 2016. According to a media release from the PM’s office, “Parents who vaccinate their children should […]

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5 Fatal Business Planning Mistakes

Business Planning Mistakes

Credit reporting and receivables management company Dun & Bradstreet (D&B) reports that in its extensive experience it has found that new or inexperienced entrepreneurs often send business plans to potential investors before their plan is fully completed or vetted.  “Sharing a plan with obvious errors is one thing,” D&B says. “But investors are also alert […]

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Beware the “fat cat” fees eating up your retirement savings

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Weak or average investment performance is often viewed by investors as an anomaly that they have to put up with temporarily until a market or managed fund gets back on track. Holding out for improved returns is also likely to be tolerated in view of the local sharemarket edging higher (approaching a five-year high) on […]

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Chrisco in trouble over lay-by agreements

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It seems that Chrisco has gotten itself into some trouble yet again (is it just my imagination or do these guys seem to attract negative press around this time every year?). This time, the Australian Competition and Consumer Commission has instituted proceedings in the Federal Court against Chrisco Hampers Australia Limited (Chrisco) alleging contraventions of […]

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How highly taxed are we compared to other countries?

Australia is the fifth-lowest taxed nation

While many of us may feel that we’re already paying enough to the taxman, recent Organisation for Economic Co-operation and Development (OECD) data reveals that Australia is in fact the fifth-lowest taxed nation of the 34 OECD member countries. (Statistics are taken from 2012 or the latest available year.) Australian total tax revenue was measured […]

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Divorce and Your Super Savings

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According to research by a large retail superannuation firm, going through a divorce can lump 10 more years on to the average Australian’s working life, as they endeavour to re-establish the level of retirement savings they may have accumulated through their married lives. Suncorp Superannuation’s Untying the Knot report (download it here) purports to have […]

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Australia’s Longevity Outlook

Australian's living longer

  Talk of Australians’ rising life expectancies has been making headlines as of late. The latest data from the Australian Bureau of Statistics projects a “life expectancy at birth” age of 79.9 for men and 84.3 for women. But representative body the Actuaries Institute said those who have already reached the age of 65 can […]

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Act Now To Secure These Business Deductions

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Small businesses may want to act now and bring forward their capital purchases if they still wish to utilise the instant asset write-off of $6,500 or the $5,000 motor vehicle write-off in 2013-14. The details of the government’s repeal of the Minerals Resource Rent Tax (MRRT) make it clear that some small business tax concessions […]

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Tax help for people affected by bushfires

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The ATO have said that refunds will be fast tracked for people directly affected by bushfires and they will have additional time to lodge income tax returns and activity statements. “You do not need to apply for a deferral or a faster refund if your business or residential address is in one of the identified […]

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New Government Likely Tax & Super Changes

New Government Likely Tax & Super Changes

With a new Coalition government in Canberra, several aspects of the economic environment, both for businesses big and small as well as for individuals, look likely to change in the near future. While specific details are still to be formulated and released, there are several known policies that the Coalition have outlined and that are […]