Vault News
Frequently Asked Questions About Completing Tax Returns
Completing your tax return can be a confusing process for many Australians. Here are some answers to some of the most common questions that taxpayers often have in regards to completing their tax return. When Can I Lodge My Tax Return? Taxpayers are able to lodge...
More Construction Firms Are Set to Collapse
Recently published figures have shown that the cost of building a home has increased by an alarming $76,000 which means more construction firms across Australia are unfortunately going to collapse. The cost of building a house skyrocketed by a record $76,715 in April...
Unique Ways To Reduce Your Spending
In recent months Australians have been forced to be more strategic in how they spend their money due to the rise in the cost of living. Here are some examples of some unique ways that you can reduce your spending. Put Less Petrol In Your Car A unique way to spend less...
The Biggest Mistakes Small Business Owners Make
Everyone makes mistakes at some point in their life and sometimes the negative impact of some of your mistakes can be significantly damaging for both the long term and short term. The best way to learn from a mistake without making one is to learn from the mistakes of...
Entrepreneurial Strengths That Can Turn into Weaknesses When a Business Grows
A person’s strengths in certain situations can unfortunately become a weakness in other situations. Many of the qualities that make for a successful entrepreneur are qualities that are essential when someone is first building a business all on their own. However,...
Thousands Of Australian Businesses Are Seeking Guidance with Cyber Security Related Threats
It has been reported that over 20,000 struggling small businesses have sought after advice with cyber security related issues during the first few months of 2022. Small businesses are concerned as they are increasingly needing to protect their livelihood from online...
Consumer Trends That Are Becoming More Common In 2022
The covid-19 pandemic has changed the way millions of people do their shopping and how they consume products. Lockdowns and border closures have forced people to rethink the way they consume products. According to research conducted by PayPal Australia, 15 percent of...
Tips For Starting an Online Business
If you are thinking about starting an online business there are a number of financial and legal foundations you must be aware of if you want your business to become successful. Here are some important things to be aware of when you are going through the process of...
Australians Have Been Forced to Change Their Shopping Habits Admit Price Increases
In recent weeks Australian supermarket shoppers have been forced to adjust their spending habits admit the increase of grocery bills. A shopper survey conducted by consumer comparison company Canstar Blue found that, in the face of rising prices, shoppers had been...
The ATO Issues Warning Over Unpaid Crypto Related Taxes
The Australian Tax Office (ATO) is encouraging accounting professionals to engage with their clients on their cryptocurrency related activity. The ATO acting assistant commissioner, Sylvia Gallagher, confirmed that people as young as 18 years were getting involved in...
ATO Is Going After Taxpayers Who Make Dodgy Work-From-Home Claims
The ATO has outlined that it is pursuing taxpayers who are making work-from-home deductions for items such as for biscuits, toilet paper and doggy daycare and other items that are eligible for a refund at tax time. It was reported that by mid-February 2022the ATO had...
Changes That Are Associated with Single Touch Payroll Phase 2
Single Touch Payroll (STP) has been expanded to reduce the pressure on employers who are required to report employee information to a variety of government agencies. The first phase of STP has been a mandatory obligation for all business that withheld PAYG...
ATO Is Going After Taxpayers Who Make Dodgy Work-From-Home Claims
The ATO has outlined that it is pursuing taxpayers who are making work-from-home deductions for items such as for biscuits, toilet paper and doggy daycare and other items that are eligible for a refund at tax time. It was reported that by mid-February 2022the ATO had...
The Benefits of Single Touch Payroll Phase 2
As part of the 2019–20 Budget, the Australian Government announced that Single Touch Payroll (STP) would be expanded to include additional information. The expansion of STP, also known as STP Phase 2, will decrease the reporting burden for employers who need to...
Inflation Has Caused Australian Workers To Be $600 Worse Off
The average wage for an Australian worker is set to go backwards by the worrying amount of $600 in the first half of the year as a modest rise in forecast wages is unfortunately outpaced by soaring inflation. The Australian Council of Trade Unions has criticised the...
Inflation Has Caused Australian Workers To Be $600 Worse Off
The average wage for an Australian worker is set to go backwards by the worrying amount of $600 in the first half of the year as a modest rise in forecast wages is unfortunately outpaced by soaring inflation. The Australian Council of Trade Unions has criticised...
Calls For More Women To Work In The Construction Industry
There has been a large number of female tradies using their social media platforms to encourage more women to pick up the tools and consider working in the male dominated construction industry. Roof plumber and tiny house builder Aimee Stanton reveals that she...
Tax Deductions for Constructions Workers and Tradies
There are a number of tax deduction that can be claimed by Australians employed in the construction industry. When trying to determine if an item is tax deductible it is important to make sure that you have already spent money on the things you want to claim and that...
Vault Accountants Is Ready to Serve the Communities of Moree and Bingara
In April 2022, Vault Accountants acquired Maltby Philip & Co” an accounting firm based in Moree and Bingara. The firm was originally established by Phil Maltby who is a veteran of the accounting industry having worked for over 40 years in regional New South Wales....
Vault Has Acquired An Accounting Firm In Moree And Bingara
Moree in Northern NSW has a small but upbeat population of just under 8,000. Moree is best known for being a major agricultural hub. Moree has a huge cotton-growing industry which has been operating since the early 1960s. Businesses in small towns have unique...
The ATO Reveals That There Is A Large Number of Unpaid Construction Tax Bills
The Australian Tax Office (ATO) has revealed that over the duration of the covid-19 pandemic, Construction-related businesses have built up a mountain of unpaid tax bills. This means that there is the potential for a huge number of business failures to occur in 2022...
Job Ads In Australia Were At Record Levels For February 2022
February 2022 was a record month for vacant job ads in Australia, with the amount of positions on offer over 41 percent higher than pre-pandemic levels. The latest figures revealed in the SEEK Employment Report showed that job ads grew 2.2 percent last month and 35.8...
Phil Maltby Has Joined The Team At Vault Accountants
Vault Group has recently acquired “Maltby Philip & Co” an accounting firm based in Moree and Bingara. The firm was originally established by Phil Maltby who is a veteran of the accounting industry having worked for over 40 years in regional New South Wales. Mr....
Xero Has Released a New Support Package Eligibility Calculator
Xero has recently released a new eligibility calculator to help small businesses apply for government support packages following the omicron covid outbreak. The update comes as the NSW, South Australian, Tasmanian and ACT governments have all recently announced...
Queensland Government Announces $50,000 Support Grant To Help Businesses Impacted By Recent Floods
Queensland Premier Annastacia Palaszczuk has announced a new $50,000 support grant to assist small businesses who have suffered as a result of the recent flooding. The announcement comes as the federal government has agreed to jointly fund a $558.5 million support...
Western Australian Government Announces New Covid-19 Support Package
Western Australian businesses have been handed a much needed $77 million support package by the state government. The funding announced by the McGowan Government aims to help businesses that were impacted by the delay of the states boarder re-opening which was...
How Taxpayers Can Get $6.50 Back on Covid-19 Rapid Antigen Tests
Federal Treasurer Josh Frydenberg has announced that the Australian Government will be offering tax breaks for individuals and business that use rapid antigen tests (RATs) in order for them to attend work. "Today, I'm announcing that we will ensure that Covid-19...
ATO Plans to Continue Their Focus on Late Lodgements In 2022
The Australian Tax Office (ATO) has announced that late lodgements will continue to be placed under heavy scrutiny during 2022. According to an SMSF auditor the ATO still looking to see further improvement in this area. In February 2021, the ATO established a new...
Tips For Achieving Your Financial Goals in The New Year
Most Australia’s start the new year with a list of new years resolutions and changes that they intend to make so that their life is more fulfilling and organised. By the time February starts most people have already failed to stick to their resolutions. Some of the...
Retail Sales Increase Across Australia As Covid-19 Restrictions Ease
Retail sales across Australia increased by 4.6 percent during the month December 2021 when compared with the figures recorded in December 2020. According to the figures published via Mastercard SpendingPulse, household goods remained the most popular category for...
Important Information About Crypto Tax In Australia
In 2021, the popularity of cryptocurrency rose significantly and consequently became more trusted by the general public. In November 2021, the Commonwealth Bank announced its intentions to allow customers to buy and trade crypto via their banking app. Despite crypto...
Things Young Australians Should Be Doing Now If They Want to Retire Early
The majority of people have aspirations to retire early, whether it’s so that they can pursue their hobbies, travel overseas or simply live life on their own terms. If you are someone who aspires to retire early, it will take a lot of commitment and discipline from a...
Six Point Plan Proposed To Help Businesses Survive Omicron Wave
A coalition of Australia’s peak industry groups representing the retail, hospitality and tourism sectors says “there is almost no government support” for businesses struck by Omicron, and has called for action in six areas to prevent operators from collapsing and to...
Thousands of Australian Businesses At Risk of Permanently Closing Due To Impact Of Omicron
Businesses across Australia are struggling to remain open with challenges associated with staff shortages, supply chain problems which are leading to higher costs and a huge drop-in customer activity due to impact of omicron. As a result of these issues many small...
The Majority Of Australians Still Lack Clear Knowledge About Cryptocurrencies
Despite Bitcoin and Ethereum continuing to rise in popularity, as well as the possibility for the Australian Government to introduce its own digital currency, the majority of Australians surprisingly know very little about cryptocurrencies. A recently published survey...
Tax Deductions For Pilots
Tax deductions for pilots, doing your taxes might seem extremely dull in comparison to flying high in the sky when you’re working as a pilot. When you spend so much time off the ground and flying planes to locally, interstate or overseas, you need to stay focused on...
Transition To Retirement (TTR) Important Information
‘Transition to Retirement’ can be best described as a measure that allows people who are still working, and who meet the eligibility criteria, to derive income from their superannuation funds whilst they continue to work. By establishing a ‘Transition to Retirement’...
The Importance Of Managing Your Money
Knowing the importance of managing your money is a highly valuable skill. Being strategic and aware of how the money you spend is being spent and how the way you spend your money can be improved is super critical for anyone who is wanting to live a less stressful...
How To Create A Budget Plan To Keep Track Of Your Spending Habits
It is important to create a budget plan that allows you to see where your money is going. Budgeting allows you to make it easier to put aside money for bills and expenses and set up a plan to reach your financial goals. Here are some valuable tips to get you started....
Tips For Claiming Super Contributions On Your Tax Return
Tips For Claiming Super Contributions On Your Tax Return You might not be aware that you can claim personal super contributions back on your tax return. The majority of Australians understand that super is money for retirement. However, it is much less well known is...
Superannuation Changes Came Into Effect on Monday 1st November 2021
As a result of holding multiple accounts, approximately 4.4 million Australian workers are paying more than one set of superannuation fees. Superannuation changes new rules introduced on Monday 1st November 2021now means that employees who are changing jobs will have...
Victorian Consumers Are Supporting Businesses Post Lockdown
Newly published figures from the Commonwealth Bank of Australia (CBA), has shown that personal services businesses across Victoria have experienced an increase of 481 percent in sales over the first weekend since the states strict covid-19 lockdown was lifted due to...
Australian Government Scraps The $450 Superannuation Guarantee Threshold
The Australian Government has finally delivered on one of its major promises outlined in the most recent federal budget which is the decision to remove the $450 per month Superannuation Guarantee (SG) threshold. The amendments made to superannuation law were...
The Economy Of Brisbane During the Age of Covid-19
The economy of Brisbane has experienced a huge number of challenges over the course of the covid-19 pandemic. The possibility of the city going into lockdown at any time and the loss of revenue caused by businesses being forced to close unexpectedly whenever an...
The Biggest Challenges Startups Face In Australia And How To Overcome Them
The covid-19 pandemic has forced many Australians to re-think their career prospects and to find new ways of earning an income one of which is for them is to have their own startups. As a result of this thousands of new small businesses have opened up across the...
Tips For Promoting Your Business On Instagram
Promoting business on Instagram, the social network has over 1 billion monthly users, making it one of the most influential social media platforms on the planet. Knowing how to use it effectively to promote your business and it’s products and services has the...
Trade For Victorian Businesses Increase Significantly Thanks To Melbourne Cup
Clothing retailers, restaurants and bars across Victoria have continued to experience growth in customer spending as the state enjoys its second week out of lockdown. The Melbourne Cup which fell on Tuesday 2nd November 2021 is one the major reasons why the surge in...
Queensland State Government Announces New Play Money Vouchers To Support Border Businesses
Queensland Premier has announced that the Queensland Government will be introducing a $1 million dollars’ worth of new Play Money Reward vouchers for Gold Coast residents to support border zone businesses and tourism operators. Distributed in collaboration with...
How To Find Out If Your Superannuation Is Being Underpaid
In Australia employers are legally required to contribute 10 percent of superannuation to their employees' wages. It is has come to some people’s attention that many Australians aren’t receiving the correct amount of money into their superannuation account from their...
The ATO Is Cracking Down On Ineligible Capital Gains Tax Concessions
The Australian Tax Office (ATO) has begun to crack down on Capital Gains Tax (CGT) concessions after finding that a number of larger and wealthier businesses are issuing claims that they are not entitled to. It was announced in a statement published by the ATO on...
Sales Rebound Recorded During October Led by Restriction Free States
States across the country that are free of restrictions have helped Australian retail sales rebound during the month of October 2021 as the country recorded a 4.2 percent increase year-on-year, while spending was up 10.1 per cent on pre-pandemic levels for the month...
The ATO Has Re-Commenced Pursuing Debts In NSW, ACT and Victoria
The Australian Tax Office (ATO) pursuing debts again in NSW, ACT and Victoria after it was paused its pursuit of unpaid taxes while the three regions were experiencing covid-19 outbreaks and consequently placed in lockdowns. Public servants from the Australian Tax...
81 Percent of SMEs Believe They’ll Be Operating At Pre-Pandemic Levels In 6 Months
Recently published research has illustrated that there is a strong level of optimism from Australia’s SME community, with the large majority of smes operating at pre-pandemic levels within the next six months. The research gathered by Intuit QuickBooks Australia...
1 in 5 SME’S Say Accountants and Bookkeepers Have Played A Key Role In Ensuring Their Survival
Recently published figures have highlighted the positive impact that accountants and bookkeepers have had on SME's over the duration of the covid-19 pandemic. The findings outlining that one in five SME owners believe that their business would not have survived the...
What Is The ATO Doing To Tax Cryptocurrency?
The (ATO) Australian Tax Office has estimated that somewhere between 50,000 and one million Australians have currently invested in crypto related assets. Many of these individuals have failed, or will fail, to properly report the profits they have made for tax...
Important Information About Trading Cryptocurrency
If you buy and sell cryptocurrency on a regular basis with the goal of making a profit, then the profit on disposal of the cryptocurrency will not be subject to CGT. Instead, it will be assessable income as you will be regarded as a ‘trader’ rather than an ‘investor’....
Working From Home It’s Not All That Bad
Week three and I'm slowly getting into a routine while working from home, however I have been able to adjust my timetable at the gym, I'm gaining extra hours sleep 3 days a week. I have had the opportunity to drive my son to school (well he drives me, he’s a learner)...
Vault Adopting The Work From Home Model
Understanding that the landscape is changing the Team at Vault have taken the step in adopting the work from home model with Team members now having the choice between the primary shared office in the city and their own workspace from home. Being more than just...
“Dine & Discover” Vouchers Extended By NSW Government
NSW Premier Dominic Perrottet has announced that NSW residents will be able to access an extra $50 to spend at cafes and restaurants as the successful “Dine & Discover” vouchers scheme has been extended. The announcement has coincided with the states decision to...
Electronic Invoicing Could Save SME’S Over $40,000 A Year According To Research
A recent study from Deloitte has illustrated that Australian SME’s could potentially save over $40,000 a year if they choose to transition into electronic invoicing. The recently published report revealed that Australian small to medium sized businesses (SMBs) process...
NSW Government Announces New $100M Recovery Package
The NSW Government has revealed that it will distribute another $100 million as part of the state’s economy recovery with the goal to bolster skills and “future-proof” the workforce. NSW Premier Dominic Perrottet highlighted that the multimillion-dollar package will...
Tax Return Deadline: Australians Who Fail to Submit Their Tax Return Risk A $1,110 Fine
The tax return deadline for this year fell on Monday 1st November 2021, this is because the 31st October 2021 which is traditional deadline date to submit your tax return fell on a Sunday. Australian workers who fail to submit their tax return or who haven’t...
Single Touch Payroll Phase 2 Deferral Announced By ATO
The Australian Tax Office (ATO) has announced that Australian employers will be given an extra two months to transition into the second phase of Single Touch Payroll (STP). The blanket deferral was made by the ATO as a consequence of recent lockdowns and the impact of...
SuperStream System Is Now Mandatory For SMSFs
As of Friday 1st October 2021, SMSF’s are now required to use the automated SuperStream System to process inward and outward cash rollovers. SuperStream System is a data and payment standard used for digital transactions within the super industry. Its main purpose is...
Advice For Businesses That Need Help with Managing Rapid Growth
Advice For Businesses, running a successful business can be difficult, sometimes a business that for years has struggled to makes ends meet can finally experience a massive change in fortune and become hugely profitable. You might all of a sudden find yourself in a...
Income Protection Why Is It Important And Why You Need It
Purchasing income protection can be best described as buying yourself some extra sick leave. Whenever the unfortunate scenario arises where you become sick or injured and consequently find yourself unable to work, income protection will pay you a monthly nominated...
Gold Coast Businesses Are Getting Prepared For The Queensland Border To Reopen
Gold Coast businesses are getting ready for a huge influx of interstate tourists who are set to visit the region when the borders reopen in a few weeks’ time. On Friday 19th November 2021, fully vaccinated people from interstate hotspots will be allowed to enter the...
Business Planning In A Changing Landscape
As we enter into the second year of the covid19 world, we have been examining the rationalization and changing business landscape. As accountants we are often lamented as being the providers of historical information and not necessarily forward thinking. In this light...
Work From Home Shortcut Method Extended By ATO
As a result of the ongoing covid-19 pandemic and the disruption it has caused Australian taxpayers, the Australian Tax Office (ATO) has confirmed that the work from home shortcut method will be extended until the end of June 2022. The work from home shortcut...
Growing A Small Business During It’s Early Days
Growing a small business is one of the most difficult things a person can do when trying to break free of the 9 to 5 rat race. The level of success a small business achieves is determined by a large range of different factors such as; the type of training you offer...
Tips To Improve Time Management When Working From Home
There are some key benefits to working from home in terms of the flexibility it provides and the money saved that is usually spent on public transport or fuel. Despite this, there are also some negative side-effects which mean it is important for employees to take...
Slow Employment Growth Is Unlikely Because Of The Conclusion Of JobKeeper Program
The Reserve Bank of Australia (RBA) has announced that the economic impact from the discontinuation of JobKeeper will be manageable and will only have a minor impact on employment but it is unlikely to slow employment growth cross Australia. The statement was included...
Innovation Research Program By NSW State Government Offers $24 Million Grants
On Tuesday 1st June, the New South Wales Government announced that it will offer small and medium-sized businesses up to $24 million worth of grants over two years for innovation research program and to also commercialize solutions for the government’s agencies. The...
Things to do before purchasing a franchise
Before you decide to go ahead and start to purchase a franchise, you must consider the same issues as you would if you were buying or starting any other business. Do online research on the franchise system, know the market you are going to be operating in and...
Lodged Tax Return Over 170,000 Australians Lodged Their Own Tax Return
Lodged Tax Return, this year on 1st July over 170,000 taxpayers rushed to lodge their tax return. Despite this, the Australian Tax Office (ATO) has warned of common mistakes that could potentially result in some Australians have their refunds adjusted. The ATO...
Changing Your Superannuation Account Pros and Cons
Before you decide changing your superannuation account it is important to take a number of factors into consideration. Choosing the right superannuation product, is an important decision to make. Unfortunately, it’s not as simple as choosing the fund with the highest...
Refresher On Travel Allowances
Refresher On Travel Allowances, the concept of having allowances to cover the cost of travel required by employees is not a new area of tax, but it had become increasingly significant in a world prior to the introduction of covid-19 travel restrictions. As business...
Business Recovery Loans Eligibility Expanded By The Australian Government
The Australian Government has announced that it will be loosening criteria for its SME Business Recovery Loans Scheme. The newly introduced changes mean that business with a turnover of up to $250 million will now have access to it. Prior to the new changes, the...
Tips For Helping Your Employees Feel Secure During Periods Of Uncertainty
Tips For Helping Your Employees, over the past 18 months, the covid-19 pandemic has created a world of uncertainty as it is hard to predict when the pandemic will end and when things such as lockdowns and social distancing will become a thing of the past. Feeling...
Companies Who Received JobKeeper During Covid-19 Pandemic Will Remain Secret
Companies Who Received JobKeeper, big businesses across Australia who received JobKeeper will be able to keep the financial support a secret, with the Australian Government rejecting a bid to make it public and the federal opposition backing down from insisting on it....
Victorian State Government Injects Another $807m Support Package For Businesses Impacted During Lockdown
Victorian State Government, Over 110,000 Victorian Businesses are set to benefit from an additional $807 million worth of support, as the state continues to struggle with its suppression of the Delta covid-19 variant. The support package was announced on Thursday 19th...
Small Marketing Budget? Here Are Tips For Promoting Your Business
Having a powerful marketing strategy is essential for any business that wants to reach more customers and retain the loyalty of the customers they have already accumulated. Many people think that a business needs to spend large amounts of money to establish an...
Working Remotely Has Saved 2.4 Million Australians $397 On Daily Commutes
Almost 2.4 million Australian workers have the option to work from home during the covid-19 pandemic and consequently save money and time that would’ve been spent travelling to and from work. Working remotely has saved 2.4 million Australians on daily commutes. A...
The Tourism and Hospitality Sector Hardship Grant
The tourism and hospitality sector, applications opened on Monday 11th October for the brand new “Tourism and Hospitality Sector Hardship Grant” an initiative arranged by the Queensland Government to support Queensland businesses in the hospitality and tourism sectors...
Tourism and Hospitality Sector Hardship Program Applications Are Now Open
Tourism and Hospitality Sector Hardship Program was introduced by The Queensland Government. The purpose of the program is to assist Queensland businesses in the industries of hospitality and tourism that have experienced a huge loss of trade due to the covid-19...
Australian Businesses View Border Closures As A Major Concern
Australian businesses view border closures as a major concern, A recent survey has shown that border closures, recruitment issues and supply chain delays are anticipated to be the most significant pressures for Australian businesses over the next 12 months. 46 percent...
Australian Confirms Director ID Deadline
Australian Confirms Director ID Deadline, current Australian directors will now be given 12 months to apply to receive their unique director identification number before fines of over $1.1 million kick in for non-compliance. Existing company directors will now be...
How Much Super Is Required To Live A Comfortable Retirement?
Every Australian has a different idea of how they envision their retirement to look. It is important to ask yourself how much super will be enough for you to live the life you are aspiring to live. When you retire you might want to dine out for dinner every week at a...
Australian Tax Office Offers Lodgment Deadline Support Hotline
The Australian Tax Office (ATO) has launched a new concierge style service to assist tax practitioners with their lodgment program as it resists calls to apply a blanket deferral in the wake of the covid-19 pandemic. The ATO announced that tax practitioners still...
How To Find Your Lost Superannuation
Find your lost superannuation, If you discover that you have lost super, it could have the potential to give your retirement a major boost. It could mean that you are able to stop working a bit earlier than initially planned and therefore enjoy your retirement earlier...
Superannuation Rules Important Things You Should Know
Superannuation rules, Superannuation is a percentage of your income that is set aside for you to access after you reach retirement. Strict superannuation rules and compulsory fund contributions have put Australians’ retirement savings ahead of people in many other...
Tax Deductions For Retail Staff
Tax deductions for retail staff, retail employees like store managers, sale assistants, supplier and buyers often wonder what type of tax deductions they are able to claim on their annual tax return. A lot of people get a smaller tax refund than what they should, this...
Engineers And Science Workers Tax Deductions
Engineers and science workers tax deductions, Science and Engineering is a highly technical and specialized field to work in. Whether you’re an engineer, dietitian, scientist, researcher, surveyor or zookeeper. Science and Engineering encompasses a wide range of...
The Federal Budget Will Help Boost The Super Balance Of More Australians
The changes made to superannuation in the May 2021 Federal Budget have been positively received by working Australians who previously had limited access to compulsory employer superannuation contributions, and those older Australians keen to increase their balances in...
Credit Score Has Been Impacted By Covid-19
Credit score has been impacted, millions of Australians have been financially impacted by the covid-19 pandemic. In the past year a total of $218 billion worth of payments have been deferred. Your credit score is unlikely to have been affected by mortgage holidays or...
Tax File Number An Important Information
A Tax File number which is often shortened to TFN is a unique ID number every Australian worker receives from the government. The TFN is used for an individual’s tax return, benefit payments and superannuation services. Australians are also required to have a...
Superannuation Statements Why You Should Check It Regularly
Superannuation statements, every employed Australian has a superannuation account but not everyone understands how it works. In 1992 under Paul Keating’s government legislation of “compulsory super contributions” was first introduced. This policy set out to solve the...
Financial Advice To Prepare Yourself For Retirement
Financial Advice, for Australians who are still young retirement might seem like a lifetime away. Even if you don’t plan to retire until you reach an age where you are eligible to receive an age pension there are some small steps you can take to achieve your...
Current Greater Sydney Lockdown Is Hitting Jobs Harder Than The Lockdown of 2020
Current Greater Sydney Lockdown, the ongoing Greater Sydney lockdown has impacted payroll jobs more so than it did during any of the lockdowns that occurred during 2020. Figures show that construction jobs are the job that has been most affected. New data show...
JobSaver Scheme Expanded To Assist More Businesses During Lockdown
JobSaver Scheme, the NSW State Government has announced that large hospitality and tourism businesses that have revenues of up to $1 billion are now eligible for JobSaver following the announcement of an extension of the scheme. The expansion to large businesses in...