MAX YOUR REFUND

As we approach the end of the financial year, Australians begin to direct their attention to their tax returns and what they might be able to save in tax or boost their refunds. In a large number of cases, Australians are still having difficulty in getting it right. According to Scott Bailey of ITP, a…
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AUSSIES SAVINGS AT DANGEROUS LEVELS

  In a recent financial industry survey by Map My Plan, it was noted that more than one third of Australians are holding levels of savings at precarious levels. The report noted the following; 1. 36% of working Australians could only access $1000 or less in the event of a financial shock such as a…
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THE CASH ECONOMY AND THE AUSTRALIAN TAX OFFICE

  It has recently been revealed that the ATO will again begin a program to review operators in Australia’s cash economy. The program is to begin in Perth and Canberra with tax officers visiting hundreds of restaurants, cafés, hair & beauty salons & other small businesses including building & construction businesses that have ready access…
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SHOULD I PURCHASE A PROPERTY THROUGH MY SMSF?

  Any thought of acquiring a property with your Self Managed Super Fund (SMSF) needs to undergo a rigorous analysis of whether this is an appropriate thing to do with your retirement savings. The following are a list of factors to consider in this process particularly where borrowing is involved. 1. Is it the right…
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Howards Storage World Collapses Into Voluntary Administration

Money Talk
  In a recent article from The Sydney Morning Herald, it was announced that retail chain, Howards Storage World, has collapsed into voluntary administration just weeks before Christmas. Administrators from Deloitte were appointed to the retailer on Friday, December 9, with Vaughan Strawbridge and David Lombe appointed to manage the administration of four entities within…
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