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How do I go about making a financial plan to achieve my lifestyle goals?
How do I go about making a financial plan to achieve my lifestyle goals? Financial planning is simply a process designed to help you achieve your lifestyle objectives, by putting in place the necessary financial strategies and goals. As with any process, there are a number of steps that need to be followed in order to achieve the desired result: Understanding where you are right now Firstly we need […]
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Is it tax deductible to give my clients a Christmas or Thank-you gift?
Is it tax deductible to give my clients a Christmas or Thank-you gift? At this time of the year it is common to provide gifts to existing clients and customers as an act of goodwill and as a thank you for their custom and support of your business. As the gift is an expense to your business it is generally considered to be a tax deduction. The ATO […]
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Cost of living increases, future retirees will need to save more according to ASFA Retirement Standa
Cost of living increases, future retirees will need to save more according to ASFA Retirement Standa The September quarter Retirement Standard was released by  the Association of Superannuation Funds of Australia (ASFA) late last week, and the news isn’t positive for retirees. According to the statistics, in order to live a comfortable lifestyle in retirement single retirees will need to spend $767 more per year than this time last year, and couples will […]
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Tax office makes new ruling for property investors
Tax office makes new ruling for property investors A new Tax Office ruling clarifying the criteria for deductions on income earned through specific lease arrangements may limit property investors who incorrectly claim losses on their properties. The ruling, issued mid-September, sets out parameters for claiming losses on properties that are let at arm’s length or to relatives, or on properties that are used […]
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What can a XERO add-on do for Melbourne businesses?
What can a XERO add-on do for Melbourne businesses? Xero is truly an incredible product. Not because it is a bookkeeping program that makes you coffee, does your tax returns or magically improves your cashflow, but because of the way in which it integrates with other complimentary products known as ‘add-ons’ to automate business processes.  What is an add-on I hear you ask? Basically, […]
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