Wealth Creation
Say Hello to Payday Super
The government has announced that from July 1, 2026, all companies will need to pay worker's superannuation at the same time they pay them which means companies will no longer be able to pay superannuation on a quarterly basis.
7 Reasons to Gift Your Estate to a Family Trust
A gift in trust is used to avoid paying tax on gifts that are larger than the annual federal gift tax exclusion amount. The succeeding generation of heirs is frequently given wealth through the usage of this kind of trust. Learn the benefits and risks of gifting your estate to a family trust. Contact Success Accounting Group today!
Superannuation vs. Mortgage
Australians with extra cash may be asking how to make the most of it given the rising interest rates and volatile investment results. Should you increase your mortgage payments if you have cash, or would it be better in the long term to increase your superannuation? The answer depends on one’s circumstances. Considerations such as […]
8 Common Retirement Mistakes and How to Avoid Them
For the most part, we all look forward to our retirement because this is a chance to seize additional hobbies, travel, and even engage in charity work or part-time employment. We are retiring with greater savings than earlier generations and have higher expectations for the lifestyle we want to lead because of more than 30 […]
Autumn Update 2023: Financial Planning Newsletter Ed 1
Goodbye Summer. Hello Autumn! We hope you made the most of summer, but now it’s time for whistles and sirens as footy and netball are back. Good luck to your team(s) and your tipping! On a more sombre note, as interest rates made their relentless upwards march over many months, the pressure on millions of […]
Liberal Party’s Super Home Buyer Scheme vs Labour Housing Policy for the Young
Liberal Party announces new Super Home Buyer Scheme to help first-time home buyers unlock their super to get into the property market more quickly. On the other hand, Labor’s Help to Buy housing policy will assist those people on a lower income who are not able to buy a house.
5 REASONS TO UPDATE YOUR FAMILY DISCRETIONARY TRUST DEED
Why do you need to update your family and discretionary trust deeds? Whenever you set up your discretionary trust, it was for a particular reason. This may be for asset protection, tax reduction or for building family wealth. In any case, similar to a cell phone, popular features must be upgraded. This something very similar […]
More Support For Melbourne Businesses
Yesterday, the Victorian Government announced a new round of support for small and medium businesses most affected by the extension of public health restrictions in Melbourne. The new jointly funded Commonwealth and Victorian Government package includes automatic payments for previous recipients of the Business Costs Assistance Program Round Two and the Licensed Hospitality Venue Fund […]
Small Business-COVID Hardship Fund
The Small Business COVID Hardship Fund will help qualified little and medium organizations: Whose activities have been seriously affected by COVID-19 limitations that have been set up between 27 May 2021 and August 2021 Have experienced something like a 70% decrease in turnover because of the COVID-19 limitations Are ineligible for other key COVID-19 Victorian […]
