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Super basics for beginners

Open any paper over the last few months and you will have heard some pretty amazing revelations from the Banking Royal Commission. Superannuation funds haven’t escaped scrutiny. To put the superannuation industry in perspective, according to the Australian Taxation Office, at 30 June 2017 over 14.8 million Australians had a super fund account holding a total of $2.3 trillion. 40% of Australians have more than one super fund. At the same date, almost $18 Billion was held by the Tax Office in lost accounts. And yes, those numbers are difficult to comprehend! Continue reading “Super basics for beginners”

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Accountant, Tax Agent, Financial Planner, Bookkeeper. What’s the difference?

A query that frequently arises is why someone would need an accountant, bookkeeper, tax agent and financial planner. Aren’t they all the same thing? The answer is definitely not. However that’s not to say there isn’t some overlap in knowledge and that they don’t have similar skills.

In this article, I’ll try and clarify the relationships so you can figure out who you need to help secure your financial future. Continue reading “Accountant, Tax Agent, Financial Planner, Bookkeeper. What’s the difference?”

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5 financial lessons every parent should discuss with their child when they get their first job

5 financial lessons every parent should teach their child when they get their first job

A first job for a teenager is a big milestone. Not only do they get to earn their own money, but they revel in the independence, it’s a rite of passage and an important time in their lives. Continue reading “5 financial lessons every parent should discuss with their child when they get their first job”

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How to maximise your tax refund…. without panicking about an audit!

According to recent press releases from the Tax Office, there will be more than 1 million Australian taxpayers being contacted about their 2017/18 tax returns…. and you’re not alone if the thought of a call from the Tax Office makes you a little nervous! The latest estimate suggests that errors and fudging in tax returns costs the Government $8.7 billion per year. Continue reading “How to maximise your tax refund…. without panicking about an audit!”