What do tax audits involve?
Tax audits are conducted when the ATO deems that a more extensive examination of an issue is necessary. These audits can be conducted on a..
Life insurance through your super
Over 70% of Australians have life insurance through their super fund. This acts as a financial safety net through your super if something ..
Conditions to accessing your super
You may find that accessing your super is the best way to meet your financial needs in a given situation, for example in the early stages ..
Pros and cons of reverse mortgages
Reverse mortgages allow you to use the equity in your home as security to borrow money. The following are pros and cons of acquiring a rev..
How to reduce the tax you pay
There are various potential ways you can reduce the tax you pay. You may be entitled to tax deductions, offsets or you may choose to opt f..
Self-managed super funds (SMSF) aren’t just about financial investment
Individuals may be looking to opt for an SMSF because these provide entire control over where the money is invested. While this sounds ent..
What record-keeping requirements does the ATO have in place?
Record-keeping, if done well, can help running a business much easier. It gives you an overview of the business’ financial progress so tha..
The risks involved in debt consolidation
Debt consolidation is a form of refinancing which involves taking one larger loan out to pay off multiple small ones. Although this might ..
Transition to retirement
The transition to retirement (TTR) strategy allows you to access some of your super while you continue to work.
You are able to use the T..
Tax contributions on your super
How much tax you pay on your super contributions and withdrawals depends on a variety of factors. The process takes into account your tota..