One of the most significant tax burdens in Australia can arise when superannuation death benefits are paid to an adult child. These benefits can be taxed at up to 17% on the capital, and the amount is also included in the recipient’s taxable income. This can affect eligibility for a range of means-tested benefits, such […]
Boosting A Spouse’s Super Before The EOFY
You might want to top up your spouse’s superannuation for plenty of reasons. Maybe you’ve accumulated more super than they have and want to even things out for retirement. Or perhaps your spouse is older and you’re keen to access those funds sooner. Maybe they had to take a career break, and you want to […]
Who Gets The Trust Distributions This Year?
Under tax law, beneficiaries of a trust must be entitled to their share of the trust’s income as at 30 June. It’s a bit of a strange rule – it means you have to decide who gets the income before you even know how much income there will be. That’s why it’s so important to […]
5 Digital Products That Can Boost Your Surplus
Associations are sitting on a goldmine of content, insights, and member trust. The key to unlocking new revenue? Packaging that value into digital products your members actually want. Here are five proven digital offerings that generate income and deepen engagement: 1. 🎓 Online Training & Certification Offer CPD-accredited courses tailored to your industry. Members gain […]
Bendel Decision – What Does It Mean For You?
The ATO’s loss in the Full Federal Court in the matter known as ‘Bendel’ has stirred the pot in more ways than one! The Bendel case involved a controller of a trust (known as Mr Bendel) who was being assessed by the ATO for payment of more than a million dollars in taxes and penalties. […]
Why Associations Must Diversify Revenue
For decades, not-for-profit and professional associations have leaned heavily on membership dues, grants, and annual events to stay afloat. But in today’s fast-changing landscape, those revenue streams are increasingly fragile. Economic uncertainty, shifting member expectations, and the rise of digital-first engagement mean associations must rethink their financial models. The good news? You already have the […]
Tax Time 2024
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
I want to share something game changing with you… Ever wondered how one family on an average income can accumulate multiple investment properties while their neighbours struggle just to make their mortgage payments? How are some reducing their days they work each week but still looking forward to a prosperous retirement by generating passive income […]
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 […]