Worried about where your money is going? Recent research of retirees shows:
Two out of three retirees have been forced to reduce their personal expenditure in the last three months.
Around one million retirees (30%) are not confident their retirement savings will last the distance.
Those who started saving for retirement AFTER the age of 50, have more [...]
With all the turmoil in investment markets over recent months, many investors willbe asking if they have done the right thing by investing in shares, property or managed funds. Let’s revisit two fundamentals of investing.
Understand investment cycles -Investment markets move in cycles. They go up, they go down and they mayrun flat for a [...]
You can also see this post ==> Redundancy Payment Calculator
When an employer decides to downsize, the staff affected may be entitled to a number of payments. Often these are set out in an award or agreement, or an employment contract. Where a person ceases to be employed, they will be entitled to their wages or [...]
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Family Income Test
Baby Bonus is a payment that assists families with the cost of a new child and is [...]
We are now entering fiscal policy areas that hasn’t been seen for many years – interest rates declining in three months to the same level they were six years ago. So where will interest rates go from here.
Given the turbulent share market, will the interest rate cuts translate into more money being invested in property? [...]
From 1 July 2008, claims for all refunds must be made within four years of the end of the tax period they relate to. The four year time limit also applies to the ATO revising your activity statement.
You may have a refund due to you as a result of an amendment related to your:
goods [...]
Taxpayers can lodge a nil activity statement directly with the ATO by phoning 13 72 26. To use this service, you must have your tax file number or ABN and the BAS/IAS document identification number (DIN) for the statement(s) to be lodged.
Remember, if the IAS is lodged after the due date than the PAYG instalment/rate [...]
You can also check this post for ATO interest rates on late payment of accounts ==> Interest Rate Charged by ATO
BAS Quarterly deadline – BAS forms and any payment are generally due 28 days after the end of the quarter. The only exception is December quarter where an extra month is allowed for Christmas hollidays [...]
Most business can claim fuel tax credits – Did you know that from 1 July 2008 most businesses can claim fuel tax credits? If you haven’t checked your eligibility for a while, you may want to check again.
To date, you’ve been able to claim for fuel used in heavy vehicles travelling on a public road, [...]
(Source Franchising Council of Australia).
The growth of Franchising over recent years has been excellent. The key facts about franchising, established by Griffith University on behalf of the Franchise Council of Australia. are as follows:1. Number of Franchise Systems – There are a total of 1,100 franchise systems in Australia in 2008, up from 960 in [...]
