Financial and professional well-being at a time like this
How are you? No doubt you’ve been affected by COVID in some capacity. From a professional and financial perspective, there have been many pressures. We want to say that we get it. And we want to share these valuable resources that may help to maintain financial and professional wellbeing at a time like this. If…
Read MoreWebinar: Personal Financial Fitness Coaching – Valuable budgeting advice and money saving tips
This webinar is now over – held on Wednesday, 26 August 2020. Professional support is often the difference between failure and success. If you want to lose weight, a personal trainer will get you on your way; if you want to sell your house, an agent will guide you through; and if you want a…
Read MoreJobKeeper: Extension and Eligibility to March 2021
The government has today announced an extension to the JobKeeper Payment, as well as changed business eligibility terms. Extension period The scheme is being extended beyond the original date of 27 September 2020 to 28 March 2021. Changes to the payment For the October-December Quarter there will be a 2-tier entitlement: $1200 per fortnight for…
Read MoreUsing your company’s money or assets
If your business is fortunate to have some cash set aside that could be invested into your people or your business assets, there are a couple of things you should check before making any transactions. Any cash transfer to an individual from the company needs to be properly processed as salary, wages, director’s fees or…
Read MoreJuly 2020: Changes to tax and pay that you need to know
This new financial year in the age of COVID-19 brings a number of changes to help relieve some pressure for businesses and workers alike… COVID-19 PAYG withholding credits Businesses with turnover below $50 million will be handed a second round of credits, with varying amounts from $10,000 to $50,000 handed to eligible employers based on…
Read MoreHow much do you need for a comfortable retirement?
Retirees aren’t the only ones to benefit from knowing this. It is also extremely helpful for anyone of working age to be aware of these figures and build up investments to reach them. The Association of Superannuation Funds of Australia has helpfully created a guide and annual budget for a modest versus comfortable lifestyle. The…
Read MoreThe EOFY like no other
We know this EOFY is a little different. The past months have brought drought, fire, flood and pandemic. It’s the stuff of fiction. We hope you and your family are OK. This date marks an opportunity to start afresh. When projecting and planning, it’s important to be prepared for any number of possible scenarios, and…
Read MoreCasual workers entitled to back-pay
Casuals who have “regular, certain, continuing, constant and predictable” employment may be considered Permanent Employees and be entitled to back-pay for leave according to a Federal Court ruling in May 2020. A mining company – who employed a casual worker who had completed regular shifts over three years – was ordered to pay unpaid annual leave,…
Read MoreWorking from home? Know what you can claim!
An estimated 10.5 million Australian workers are experiencing changed employment conditions since the outbreak of COVID-19(1). More than 50% are doing paid work from home. So what and how can you claim? First consider which way you’d like to calculate your expenses: In order to qualify to claim specific expenses under methods 2 & 3,…
Read MoreAdviceCo team and clients make $36,000 donation to charity
Charitable organisations, friends and partners have had a relentless run of adverse events to contend with this financial year. Our team and our clients have enabled us to contribute $36,000 throughout FY20 to local and national charities. We couldn’t be more grateful! Our charitable partners this year have included: Gosford Hospital Camp Breakaway Rural Aid…
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