by Affinity | Apr 30, 2014 | Business eNews
A regular income stream from an allocated pension or annuity can be an effective way to fund your retirement. Some retirees may also be eligible for social security benefits from the Australian Government. It’s important to understand how all these options work, to...
by Affinity | Apr 30, 2014 | Business eNews
The ATO has announced the following changes to the superannuation contributions caps. Concessional contributions cap These include: Employer contributions (including those under a salary sacrifice arrangement); and Personal contributions claimed as a tax...
by Affinity | Apr 30, 2014 | Business eNews
Tax planning shouldn’t be left until the last few weeks and days of the financial year. Forward planning is the best way to ensure an optimal outcome. Below are some handy tax strategies for individuals and families that apply for the 2014 tax year. Maximise...
by Affinity | Apr 30, 2014 | Business eNews
The Australian Taxation Office (ATO) now receives information from third parties, for each taxpayer, in relation to: Wage and salary data; Government welfare payments; Interest income; Dividend income; and Private health insurance details. Tax Compliance – Improving...
by Affinity | Mar 26, 2014 | Business eNews
With the 2014 year now in full swing we look at some important business and wealth strategies that business owners should implement to improve their overall financial health. Strategy 1 – Profit and loss & cash flow budgeting Business owners should...
by Affinity | Mar 26, 2014 | Business eNews
In Dun & Bradstreet’s latest report on indebtedness to Australian businesses, it is indicated that the average debtors’ days outstanding in Australia is 54 days. This does not compare well with the normal trading terms of 30 days. This means that, for a business...
