25 May Common EOFY slip-ups flagged for SMSFs
In a bid to avoid common basic errors in the lead up to June 30, BDO has released a checklist for SMSF professionals to be wary of.
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Financial Planning
24 May Make your own plans for aged care
It can be tempting to put off thinking about aged care. When you’re busy enjoying life in the present it can be challenging to find the time or desire to think too far ahead. But the key to successful ageing is having a sense of...
19 May Tax planning tips for the End of Financial Year
With the end of financial year (EOFY) fast approaching, now is the time to be looking at your taxation planning. Here are some tax planning strategies that you may want to consider: 1. Make a contribution to your superannuation This financial year, there are new rules about...
18 May The pros and cons of investment bonds
Also called insurance or growth bonds, investment bonds can be a tax-effective way to save for something big. If you’re saving for a particular goal, looking for an alternative to super, or want to ensure those who matter most are taken care of after you’re gone,...
08 May Honey, the kids shrunk my retirement
An increasing number of Peter (and Peta) Pans are refusing to fly the coop, staying in the family home well into adulthood. It’s estimated that in the next five years, more than one million 18 to 29-year-old Australians will still be living with their parents. Put...
25 Apr Remember to factor in parental subsidies at tax time
While you’re sorting your income and expenditure at tax time, make sure you know what you’re entitled to as a parent, carer or grandparent. When the cost of raising kids is ever-increasing, every little bit helps and a bigger tax return is generally welcome. These days...
20 Apr A growing family doesn’t have to blow the budget
If you’re thinking of expanding your family, be sure to keep on top of things financially. Having a family usually comes not just with extra expenses but also a drop in income as one or both of you take time off work. Raising children and growing your...
07 Apr Downsizing requires holistic tax planning
For many it's more than just issues to do with Superannuation.
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04 Apr Discretionary Trusts and Tax Planning
Few structures are as widely used but as little understood as trusts, especially when it comes to the potential tax consequences which can arise where they are misused. A trust is basically a structure which allows a person or company to hold an asset for the...
28 Mar Why your retirement intentions are critical
Have you given much thought to the age that you might eventually retire?
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