The threshold at which Australians in financial strife can be made bankrupt has been dropped to $10,000. It was temporarily lifted from $5000 to $20,000 in March to give some breathing space to those impacted by the coronavirus pandemic downturn.
JobKeeper Payment extension 2 starts 4th January 2021
You can choose to stop receiving JobKeeper payments at any time. If you want to stop receiving JobKeeper payments, you do not need to unenroll. See Step 3 of the relevant JobKeeper guide for more information.
Types of life insurance and where to find it
Tips For Paying Off Your Home Loan Faster in 2021
Renewed call for JobSeeker increase
Can the JobMaker Hiring Credit help your business?
There are specific dates relevant to both eligibility and payment. Check our website for more details. You can register for the JobMaker Hiring Credit using ATO online services or the Business portal at any time until the program closes. Your registered tax or BAS agent can help you with your application.
One-stop shop for small business information
The 101s of an SMSF: some basics and benefits explained
In the right hands, a self-managed superannuation fund (SMSF) can be a beneficial way to build wealth for retirement. Whilst they are not for everyone, it is important that when thinking of starting an SMSF, individuals need to understand the benefits and responsibilities they take on by having an SMSF.
Market Update 18 December 2020
9 ways to teach kids the value of money at Christmas
What’s the meaning of Christmas in your household? While it can sometimes feel like spending a small fortune on gifts and food is non-negotiable, it’s not the only option. And, if you have kids, the holidays are a great time to teach them about the value of money – while having a heap of fun along the way!
Financial security for you and your family
What could a Biden Presidency mean for market outcomes?
Market performance in the wake of the US election has been overwhelmingly positive, with Australian and US shares up 11% in November, Japanese shares up 16% and Eurozone shares up 17%. It’s somewhat of an ironic note, given Donald Trump’s fondness to cite stock market strength as indicators of his own economic success, and yet it’s gone up on news of his election loss.
Market Update 11 December 2020
Xmas joy for retailers, but end for some
Potential tax incentive for career change
The challenges of an ever-changing labour market have prompted the federal government to consider tax incentives for Australians to change careers. A discussion paper published on Friday is calling for stakeholders’ views on whether tax deductions on education and training expenses unrelated to a person’s current job could support their future employment.
Budget outlook already improving: Deloitte
It’s only been a couple of months since Treasurer Josh Frydenberg handed down his deficit-laden 2020/21 federal budget but already Australia’s fiscal position is beginning to brighten. Economist Chris Richardson, who always keeps a keen eye on developments in federal budgets, expects this week’s mid-year review will show a better bottom line
Be aware of the insurance implications of the early super release scheme
At the start of the COVID-19 pandemic, the federal government announced a program allowing Australians in financial distress to withdraw up to $20,000 from their superannuation funds to help them cover their expenses during this difficult year.
Review of 2020, outlook for 2021 – from pandemic to recovery
Tips when you’re hiring workers
Before you hire a worker, you should decide if they’re considered an employee or contractor. You can use our Employee/contractor decision tool to help guide your decision. This will make it easier for you to provide the right entitlements for that worker. It’ll also help you meet your tax and super obligations.
