Are you ready for this year’s personal tax return? Here are our 2024 Tax Time Tips! Your Tax Time Tips for your 2024 Tax Return Payment Summaries vs. Income Statements available on MyGov: It’s unlikely you will receive a payment summary from your employer this year as all employers now should be on STP. Download […]
RBA keeps rates on hold for fifth meeting in a row
Great news from the RBA! Despite recent whispers about a potential increase, we’re delighted to inform you percent for the fifth consecutive time that the RBA has decided to maintain the cash rate at 4.35% for June. This decision reflects their confidence in the current monetary policy to guide inflation into the target range of […]
FREE Wealth Through Property Webinar
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The Rates That Stop A Nation – RBA Raises Cash Rate To 4.35%
While millions were looking for a winner at the Melbourne Cup the Reserve Bank has resumed hiking its cash rate by increasing it by 0.25 percentage points resulting in a cash rate of 4.35% and being at its highest level in 12 years. New governor Michele Bullock has lately sent repeated signals the RRBA were […]
Tax Time 2023
Are you ready for this year’s personal tax return? Here are our 2023 Tax Time Tips! Your Tax Time Tips for your 2023 Tax Return The low to medium income tax offsets (LMITO) of up to $1080.00 per tax payer introduced in 2019 has ended and the ATO wants you to know this may result […]
Start Of Business Year 2024 Requirements
Here’s a few important reminders about what business operators should put in place and be aware of for the start of this 2024 financial year: National minimum wage and award rate Businesses need to be aware that from the first full pay period on or after 1 July, the national minimum wage would increase to […]
RBA Raises Cash Rate To 4.1% – Ready To Make Savings On Your Mortgage?
Are you ready to save money on your home and investment loans yet? Another blow has been dealt to mortgage holders with a recent increase of 0.25 percentage points in interest rates. In an effort to tackle persistently high inflation, the Reserve Bank board has chosen to maintain pressure on borrowers. The consumer price index […]
IR Reforms: Annual Wage Review Decision See’s Min 5.75% Increase
On Friday, June 2nd, the Fair Work Commission released its annual wage review decision. The Commission has chosen to raise the minimum wages in all modern awards by 5.75%. These increases will go into effect from the first full pay period starting on or after July 1, 2023. Additionally, the National Minimum Wage has been […]
Federal Budget 2023-24 – Key Insights
Australia’s Treasurer, Mr Jim Chalmers handed down the 2023-24 Federal Budget on Tuesday, 9 May 2023. The Treasurer announced a package of cost-of-living measures, including up to $3bn in energy bill relief (expected to reduce power bills by up to $500 for 5 million households) and $1.3bn for home energy upgrades. These measures have been […]
RBA Raises Cash Rate To 3.85% – Inflation level too high for comfort
Despite the previous 10 rate rises over the last year not expecting to take full effect until later in the year, the Reserve Bank of Australia (RBA) has surprised many observers with a 0.25 basis point rise that takes the cash rate to 3.85%. The RBA stated inflation has passed its peak, but 7 per […]