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How to Recognise Scams and Safeguard Your Money

Have you ever received an email, phone call or text message from a scammer? If you have, you are not alone. Fortunately, there are a few obvious warning indicators that you can watch out for to avoid becoming a victim. Know when you're most vulnerable to scammers and protect yourself from them. Here are some tips for avoiding money scams.

The “Blue Zones’” Secret: Lifestyle Practices for Longevity

Some of the world's oldest and healthiest people live in the Blue Zone regions. They typically follow plant-based diets, exercise frequently, consume moderate amounts of alcohol, get enough sleep, and have positive relationships with their families, friends, and spiritual community, despite slight differences in their lifestyles. Therefore, it has been demonstrated that each of these lifestyle characteristics is linked to a longer lifespan.

Planning the Best Use of Super: How To Maximize Your Superannuation

Planning the best use of superannuation involves considering factors such as your age, retirement goals, risk tolerance, and investment strategy. It is important to regularly review your superannuation fund's performance and fees, as well as consider consolidating multiple super accounts to save on fees. Here are some of the considerations for the popular options.

Tax Cuts: What Will the Changes in Taxes Mean for Me?

Tax changes can impact individuals in various ways, depending on the specific changes implemented by the government. These changes could affect income tax rates, deductions, credits, and other tax-related factors. It is important for individuals to stay informed about tax changes to understand how they may be affected financially.

Tips for a Happy Retirement: Planting the Foundation for a Joyful Retirement

What will you do after retirement? When we retire, we finally have the time and freedom to pursue our passions, whether they be travelling, learning new skills, taking up hobbies, or simply spending time with the people we love. Here are some steps toward fulfilling your journey and make it a happy retirement.

Tax Compliance: The Problem When the Evidence Doesn’t Match What the Taxpayer Tells the ATO

The problem when the evidence doesn’t match what the taxpayer tells the ATO is a common issue in tax compliance. This can occur when the ATO receives information from third parties, such as employers or financial institutions, that does not align with the information provided by the taxpayer on their tax return. This can lead to discrepancies and potential audits or investigations by the ATO.

Investment Rules Within SMSF: Can a SMSF Invest in Property Development

The involvement of Self-Managed Super Funds in property developments often catches the attention of the ATO. Can you invest in real estate development with your SMSF? Find out here if investing in property development projects through an SMSF is allowed and the pros and cons of this strategy.

The Updated Stage 3 Personal Income Tax Cuts for Australian Taxpayers

Stage 3 Personal Income Tax Cuts were part of the government's plan to simplify and flatten the tax system. When Stage 3 tax cuts take effect in July 2024, they will be the most costly and inequitable tax cuts in Australian history, costing $320 billion in lost tax revenue in their first ten years.

Changes in Victoria Property Market in 2024: 8 Major Events are Expected to Happen This Year

Victoria’s housing market continues to defy expectations! When major government-mandated reforms take effect, real estate professionals have warned buyers and homeowners that they are in for one of the most challenging years in the history of the state’s real estate market.

Next 5,000 Review Program: An Update on ATO Private Groups Tax Program – and How we PROTECT YOU!

The Tax Avoidance Taskforce funds the Next 5,000 review program, which employs data matching and analytic algorithms to identify Australian residents who, with their associates, possess wealth in excess of $50 million. The program focuses on prevention rather than correction, with the goal of increasing continuing and willing involvement in the tax and super system through one-on-one engagements.

Bah humbug: The Christmas Tax Dilemma for Businesses

Don't let taxes ruin your holiday spirit! This blog decodes the tax complexities of Christmas spending, ranging from FBT on parties to gift deductions. Here are our best suggestions to avoid giving the Australian Taxation Office a bonus this holiday season.

The Key Financial Challenges and Influences You Should Care About in 2024

Uncertainty has prevailed in recent years, but may we expect more consistency as we approach 2024? We look at some of the important challenges and factors in the economy, taxation, and employment.

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