Current ATO focus areas (3 main points): Work related expenses (WRE). Rental properties. Crypto/digital assets. WRE – mistakes often made: Copy/paste deductions from last year – big ATO target area...
Client ID verification requirements The Australian Taxation Office (ATO) and the Tax Practitioners Board (TPB) have introduced new client ID verification rules. All Tax and BAS agents are now required...
What is a Stapled Super Fund A stapled super fund is an existing super account linked, or 'stapled', to an individual employee so it follows them as they change jobs...
As of November 2022 if you are a director, or alternate director of a company that is registered as an Australian Body, or registered foreign company under the Corporations Act 2001 you...
The team at Think Big Financial Group have scheduled a series of information sessions around some key changes impacting businesses in the coming months. The first of these sessions is...
Your credit score or rating is used by lenders to get a better understanding of any risk they may face when choosing to give you credit or lend you money....
Following on from our JobKeeper Q&A Call, we wanted to update you with the most current information for the JobKeeper Scheme for Sole Traders and Other Entities as of 16...
Following on from our JobKeeper Q&A Call, we wanted to update you with the most current information for the JobKeeper Scheme as of 16 April 2020. The ATO has released...
Struggling to save for a 20% deposit on your first home? A recent Australian Government initiative may allow you to buy your first home with a much smaller deposit and...
Let's talk about a classic question. Which is better - mortgage payoff or invest? Not so long ago, one of the most effective, low-risk wealth creation strategies was to use...
Imagine that, without any effort on your part, enough money regularly pours into your bank account to meet (or exceed) all your living expenses. Suddenly, work becomes optional and a...
Understanding the Government Stimulus Package to stabilise economic downturn in the wake of COVID-19
As we’re all becoming aware, COVID-19 is starting to have a greater impact on our communities. With the State of Victoria declaring a State of Emergency yesterday morning, and the...
